TDS Section 195
Definition
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.
Related Terms in India GST
TCS Section 206C
The provision requiring sellers of specified goods — and, under 206C(1H), sellers above a turnover limit on large sales of goods — to collect tax at source from buyers. The collected tax is credited to the buyer against their tax liability.
Form 16
The TDS certificate an employer issues to an employee in India, summarising salary paid and tax deducted at source during the financial year. Part A shows the TDS deposited and Part B details the salary and deductions used to compute it.
Form 16A
The TDS certificate issued for tax deducted at source on income other than salary — such as interest, rent, commission or professional fees. It is generated from the deductor's TDS return and shows the tax credited against the recipient's PAN.
Form 24Q
The quarterly TDS return an employer files in India reporting tax deducted from salaries under Section 192. The annual (fourth-quarter) filing includes detailed salary and deduction information used to generate Form 16.
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