TDS Section 194I
Definition
The provision for deducting tax at source on rent paid in India above a prescribed annual threshold. Separate rates apply to rent for plant and machinery and to rent for land, buildings or furniture.
Related Terms in India GST
TDS Section 194Q
The provision requiring a buyer with turnover above a prescribed limit to deduct tax at source on purchases of goods from a resident seller beyond an annual value threshold. It interacts with the seller's TCS obligation under 206C(1H), with rules on which applies.
TDS Section 192
The provision under which an employer deducts tax at source from salary based on the employee's estimated annual income and chosen tax regime. Unlike most TDS sections it has no flat rate — tax is deducted at the employee's average slab rate over the year.
TDS Section 194A
The provision for deducting tax at source on interest other than interest on securities — for example interest paid by banks on deposits or by businesses on loans — above a prescribed threshold.
TDS Section 195
The provision governing deduction of tax at source on payments to non-residents in India. Rates depend on the nature of income and any applicable Double Taxation Avoidance Agreement, and a reporting form is required for remittances abroad.
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