Articles by annejoshua


Form 26AS

TDS is a buzzword today not just among accountants or auditors or the finance people but also among the common man. TDS is the abbreviation for Tax deducted at Source (TDS). Your employer pays you salary after deducting Income tax. Similarly income tax is deducted on Fixed Deposit Interest, Commission, Brokerage and even on sale…

TDS on Transfer of Immovable Property

TDS on transfer of Immovable Property came into effect from 1st June 2013 with the introduction of Section 194-IA by the Finance Act 2013. The law was introduced to keep track of real estate transactions which are either not brought under the purview of taxes or shown at a lesser value than it is actually…

Tax Deducted at Source (TDS) on Salary – Illustrated

TDS applies to payments like salary, interest, dividend, rent, commission, technical/professional fees, compensation, royalty, brokerage, transfer of immovable property, lottery winnings, winnings of races, and payment to non-residents/foreign companies covered by sections 192 to 196D of the Indian Income Tax Act 1961. This article focuses on ‘TDS on salaries’ u/s 192. Annual Income of every…