The 2023 G20 summit was held in New Delhi, India, on September 9-10, 2023. The main venue was the Pragati Maidan, a large exhibition complex in central Delhi. The summit was also held at other venues in New Delhi, including the Hyderabad House, the Prime Minister's residence, and the India International Centre. The 2023 G20 summit was attended by the leaders of the 20 member countries of the G20, as well as the leaders of several invited countries, including Argentina, Indonesia, Senegal, South Africa, and Turkey. The summit was also attended by the heads of international organizations, such as the United Nations, the World Bank, and the International Monetary Fund. The G20 Delhi Declaration was the outcome document of the 2023 G20 summit. It was a 38-paragraph document that covered a wide range of issues, including: The global economy and finance: The declaration called for continued efforts to strengthen the global economy and financial system. It also emphasized the importance...
Sr No.
|
Section
|
Nature
of Income
|
Amout
over which TDS to be deducted
|
Rate
of TDS
|
|||||
If
PAN is available
|
If
PAN is not available
|
||||||||
1
|
192
|
Salary
|
to
be seen as per slab
|
Average
Rate
|
30%
|
||||
2
|
192A
|
Payment of
accumulated balance due of Employees’ Provident Fund
|
if accumulated
balance
is
more than 50000
|
10%
|
30%
|
||||
3
|
193
|
Interest on
securities
|
10,000
|
10%
|
20%
|
||||
4
|
194
|
Dividend
other than of 115-O
|
2,500
|
10%
|
20%
|
||||
5
|
194A
|
Interest
other than interest on securities
|
|||||||
- Interest
received from Bank
-
Interest received from others
|
10,000
5,000
|
10%
|
20%
|
||||||
6
|
194B
|
Income by way
of winnings from lotteries, puzzles
|
10,000
|
30%
|
|||||
7
|
194BB
|
Income
by way of winnings horse race
|
10,000
|
30%
|
|||||
8
|
194C
|
Payment
to contractors/Subcontractors
|
30000 one time
|
individual/HUF
1%
others
2%
|
20%
|
||||
75000
in whole year
|
|||||||||
9
|
194D
|
Insurance
Commision 15,000 5% 20%
|
15,000
|
5%
|
20%
|
||||
10
|
194DA
|
payment
under Life Insurance Policy
|
100,000
|
1%
|
20%
|
||||
11
|
194E
|
Payment
to NR Sports Person
|
No
Limit
|
20%
|
20%
|
||||
12
|
194EE
|
Payment
from National Savings Scheme
|
2,500
|
10%
|
20%
|
||||
13
|
194F
|
Payments on
account of repurchase of units by Mutual Fund
|
No
Limit
|
20%
|
20%
|
||||
14
|
194G
|
Commission
on sale of lottery tickets
|
15,000
|
5%
|
20%
|
||||
15
|
194H
|
Payment
of Commision or Brokerage
|
15,000
|
5%
|
20%
|
||||
16
|
194-I
|
Payment
of rent
|
|||||||
- For Land,
building or furniture.
-
For plant and machinery or equipment
|
180,000
|
10%
2%
|
20%
|
||||||
17
|
194 IA
|
Payment on
transfer of certain immovable
|
5,000,000
|
1%
|
20%
|
||||
18
|
194 IB
|
Payment of rent
by individual/HUF other than
|
50000 p.m
|
5%
|
5%
|
||||
19
|
194 IC
|
Payment of
Consideration (not being in kind)
under Joint
Development Agreement
|
No Limit
|
10%
|
10%
|
||||
20
|
194J
|
Fees for
professional or technical services
-Normally in
all cases 10%
- person
engaged only in the business of
operation of
call center (w.e.f 01/06/2017)
|
30,000
|
10%
2%
|
20%
|
||||
21
|
194K
|
Income
in respect of Units
|
omitted w.e.f 01.06.2016
|
||||||
22
|
194L
|
Payment of
Compensation on acquisition of
Capital
Asset
|
omitted w.e.f 01.06.2016
|
||||||
23
|
194LA
|
Payment of
compensation on acquisition of certain immovable property
|
250,000
|
10%
|
20%
|
||||
24
|
194LB
|
Income by way
of interest from infrastructure debt fund to a non resident or Foreign Co.
|
No
Limit
|
5%
|
20%
|
||||
25
|
194LBA
|
Certain income
from units of a business trust
- Payment to
resident
- Payment to
Non-resident
|
No
Limit
|
10%
5%
|
20%
20%
|
||||
26
|
194LBB
|
Income in
respect of units of investment fund
- Payment to
resident
- Payment to
Non-resident
|
No
Limit
|
10%
30%
|
20%
30%
|
||||
27
|
194LBC
|
Income in respect
of investment in securitization trust
- Payment to
individual/HUF
- Payment to
Others
|
No
Limit
|
25%
30%
|
25%
30%
|
||||
28
|
194LC
|
Income
by way of interest from Indian company
|
No
Limit
|
5%
|
5%
|
||||
29
|
194LD
|
Income by way
of interest on certain bonds and Government securities
|
No
Limit
|
5%
|
5%
|
||||
Disclaimer:
The post on this blog is not a professional advice
and is shared for academic and knowledge sharing purpose only.
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