Section 194LA requires 10% TDS on compensation for compulsory acquisition of land or buildings (other than agricultural land) above Rs 5 lakh in a year. This guide explains the rate, threshold, exemptions, Form 26Q and how to claim your refund.
TCS on foreign remittance in FY 2026-27: no TCS up to Rs 10 lakh, 2% on education and medical above it, 20% on other purposes, flat 2% on tour packages, plus how to claim it back.
Form 131 (old Form 16A) is due 15 November 2026 for the July-September quarter. How deductors can download it from TRACES, the 500-rupee-a-day late penalty, and what deductees should check.
Section 194M makes individuals and HUFs deduct 2% TDS on contractor, professional and commission payments above Rs 50 lakh a year. No TAN needed — Form 26QD and Form 16D explained.
Section 194R: 10% TDS on gifts, trips and free products given to business associates once the total crosses ₹20,000 in a year — rate, threshold, Form 26Q and the new Section 393 rule.
Advance tax 15 December 2026 is the third instalment for tax year 2026-27. Pay 75% of your estimated tax by this date — due dates, calculation, interest under sections 424 and 425, and how to pay online via Challan 280.
If your rent crosses Rs 50,000 in a month, TDS applies — 10% or 2% under Section 194-I for businesses, 2% once a year under Section 194-IB for individuals. Rates, forms and deadlines explained.
Section 194DA deducts 2% TDS on the income part of a life insurance payout above Rs 1 lakh a year — but only if the policy is not exempt under Section 10(10D). Learn the rate, threshold, worked examples and how to avoid it.
Section 194N deducts 2% TDS on cash withdrawals above ₹1 crore a year (₹20 lakh for non-filers). Learn the limits, rates, refund process and the Form 13 route.
Section 194T (from 1 April 2025) makes every partnership firm and LLP deduct 10% TDS on salary, remuneration, commission, bonus and interest paid to a partner, once the year’s total crosses ₹20,000. Profit share stays outside it.