Section 194N TDS on Cash Withdrawal (2026): ₹1 Crore Limit, 2% Rate & Refund
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.
Income Tax, GST & Finance Guides for India
Section 194T TDS on Partner Payments (2026): 10% Rate, ₹20,000 Limit & Form 26Q
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.
Section 194K TDS on Mutual Fund Dividend (2026): Rate, ₹10,000 Limit & Refund
Section 194K cuts 10% TDS on mutual fund dividends above ₹10,000 a year. Rate, new limit, IDCW rules, refund claim and Form 15G/15H explained in plain words.
Defective Return Notice u/s 139(9) (2026): What It Means, 15-Day Deadline & How to Respond Online
A defective return notice under Section 139(9) gives you 15 days to fix your ITR. Learn what it means, how to respond online, and what happens if you ignore it.
Section 194D TDS on Insurance Commission (2026): 2% Rate, Rs 20,000 Limit & Section 393 Explained
Section 194D deducts TDS on insurance commission at 2% for individuals and HUFs, 10% for companies, once yearly commission crosses Rs 20,000. Rates, threshold, Form 131 certificate and the Section 393(1) mapping explained.
Section 194Q TDS on Purchase of Goods (2026): 0.1% Rate, Rs 50 Lakh Threshold & Section 393 Explained
Section 194Q makes buyers with turnover above Rs 10 crore deduct 0.1% TDS on goods purchases above Rs 50 lakh per seller. Rate, threshold, GST rule, Form 26Q dates and the new Section 393 rule explained.
Section 194O TDS on E-Commerce (2026): 0.1% Rate, Rs 5 Lakh Threshold & Section 393 Explained
Section 194O makes e-commerce platforms deduct 0.1% TDS on the gross value of sales before paying sellers. Individuals and HUFs pay nothing until sales cross Rs 5 lakh a year on a platform. Rate, threshold, worked examples and the new Section 393 number.
Section 194H TDS on Commission & Brokerage (2026): 2% Rate, Rs 20,000 Limit & Section 393 Explained
Section 194H requires 2% TDS on commission and brokerage above Rs 20,000 a year. Learn the rate, threshold, who must deduct, the 194H vs 194J vs 194D difference, and the new Section 393 number.
Revised Return (2026): How to File a Revised ITR Under Section 139(5), Last Date 31 March 2027 & 234-I Fee
Filed your ITR with a mistake? A revised return under Section 139(5) lets you fix it by 31 March 2027 — free till 31 December 2026. Steps, fee, examples and how it differs from belated and updated returns.
Section 80GGC (2026): 100% Tax Deduction on Political Party Donations, Limits & How to Claim
Section 80GGC lets you deduct the full amount you donate to a registered political party or electoral trust — 100% of the donation, with no upper cap. The payment must be made by cheque, bank transfer, UPI or card; cash gets no deduction. The benefit works only under the old tax regime.