Statements (32)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
section of Indian Income Tax Act
|
| gptkbp:amendedBy |
Finance Act (various years)
|
| gptkbp:appliesTo |
residents
interest other than interest on securities |
| gptkbp:certificateOfDeduction |
gptkb:Form_16A
|
| gptkbp:compatibleWith |
non-residents
interest on securities (covered under Section 193) |
| gptkbp:deductee |
resident payee
|
| gptkbp:deductor |
any person (other than individual/HUF not liable to audit) paying interest
|
| gptkbp:enforcedBy |
gptkb:Income_Tax_Department_of_India
tax deduction at source |
| gptkbp:excludes |
interest paid to members by co-operative society (subject to conditions)
interest paid to partners by partnership firm interest paid to certain entities like banks, LIC, UTI, insurance companies |
| gptkbp:formForNoTDS |
Form 15G
Form 15H |
| gptkbp:governedBy |
gptkb:Income_Tax_Act,_1961
|
| gptkbp:governs |
TDS on interest from savings accounts (in some cases)
TDS on fixed deposit interest TDS on recurring deposit interest |
| https://www.w3.org/2000/01/rdf-schema#label |
Section 194A
|
| gptkbp:penalty |
disallowance of expense under Section 40(a)(ia)
interest and penalty under Section 201 |
| gptkbp:startDate |
1 April 1970
|
| gptkbp:TDSDepositDueDate |
7th of next month
|
| gptkbp:TDSRate |
10%
|
| gptkbp:TDSReturnForm |
Form 26Q
|
| gptkbp:threshold |
₹40,000 (banks, post office, co-operative societies)
₹5,000 (general) ₹50,000 (senior citizens) |
| gptkbp:bfsParent |
gptkb:Tax_Deducted_at_Source
|
| gptkbp:bfsLayer |
6
|