Section 194M TDS (2026): 2% Rate, Rs 50 Lakh Limit & Form 26QD
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.
Income Tax, GST & Finance Guides for India
Section 194R TDS on Benefits & Perquisites (2026): 10% Rate, ₹20,000 Limit & Form 26Q
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: Pay 75% by This Date — Due Dates, Calculation & Interest
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.
Section 194-I TDS on Rent (2026): 10% & 2% Rates, ₹50,000/Month Rule & 194-IB Guide
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 TDS on Life Insurance Maturity (2026): 2% Rate, ₹1 Lakh Limit & Section 393 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 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.
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.