Appointing Officers to impose penalty under section 85(1) of the Industrial Relations Code 2020 The Gazette of India CG-DL-E-08052026-272347 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 2227] NEW DELHI, FRIDAY, MAY 8, 2026/VAISAKHA 18, 1948 MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 8th May, 2026 S.O. 2318(E).— In pursuance of the… Read More »
Appointing Conciliation Officers and specifying area of jurisdiction under section 43 (1) and (2) of IR Code 2020 The Gazette of India CG-DL-E-08052026-272348 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 2224] NEW DELHI, FRIDAY, MAY 8, 2026/VAISAKHA 18, 1948 MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 8th May, 2026 S.O. 2315(E).—… Read More »
TDS on Income from Units (Resident) Introduction Tax must be deducted at 10% under section 194K on income paid to a resident from units of mutual funds or specified companies, provided the income exceeds Rs. 10,000 in a financial year. Key Provisions Deductor:Any person making payments related to: o Units of a mutual fund under Section 10(23D). o… Read More »
TDS on Royalty and Fees for Technical Services Introduction As per section 194J, TDS must be deducted on payments made to residents for royalty, fees for technical or professional services, director’s fees, and non-compete fees. Key Provisions Deductor: o Any person other than an individual or HUF. o Individuals or HUFs must deduct TDS if their… Read More »
TDS on Payment under Joint Development Agreement Introduction Tax must be deducted under section 194-IC at 10% on payments made to a resident individual or HUF under a Joint Development Agreement (JDA) for the transfer of immovable property. Key Provisions Deductor:Any person making payments under a JDA. Deductee:The recipient must be a resident individual or HUF. Meaning… Read More »
TDS on Rent Paid by Certain Individuals or HUFs Introduction As per section 194-IB, individuals and HUFs whose gross receipts or turnover in the preceding financial year do not exceed Rs. 1 crore (for business) or Rs. 50 lakh (for profession) must deduct TDS at 2% on rent payments exceeding Rs. 50,000 per month or part… Read More »
TDS on Purchase of Immovable Property Introduction When a buyer purchases an immovable property (other than rural agricultural land) from a resident seller, tax must be deducted under Section 194-IA at 1% of the sale consideration or the stamp duty value, whichever is higher. TDS applies only if the property value is Rs. 50 lakh or more.… Read More »
TDS on Rent Introduction Any person, including a specified individual and an HUF, paying rent to a resident person in respect of plant, machinery, land, building or furniture shall deduct tax therefrom. The tax shall be deducted if the rent paid or payable exceeds Rs. 50,000 per month or part of the month. Key Provisions… Read More »
TDS on Commission and Brokerage Introduction TDS under Section 194H is applicable at a rate of 2% on commission or brokerage (excluding insurance commission) if the amount exceeds Rs. 20,000 in a financial year. Key Provisions Deductor: o Any person making such payments, except individuals and HUFs. o Individuals and HUFs must deduct TDS if their business… Read More »
TDS on Commission from Sale of Lottery Tickets Introduction Tax must be deducted at source (TDS) at 2% under section 194G on commission or remuneration paid for stocking, distributing, purchasing, or selling lottery tickets if the amount exceeds Rs. 20,000 in a financial year. Key Provisions Deductor:Any person making such commission payments. Deductee:Any person engaged in the… Read More »