![]() Section 206C of ITA mentions non-salary earnings which attract TDS. Which Types of Payments Under Form 16A Attract TDS? ![]() ![]() Notably, the details contained in this certificate are also available in Form 26AS. The rate of TDS depends entirely on the nature of non-salary income. It must be noted that the due date is usually the 15 th of a month and is followed by the due date for quarterly TDS returns. This certificate is issued every quarter. ![]() are some of the details that are included. For instance, income generated in the form of interest of fixed deposits, insurance commission, rent receipts, securities, etc. Form 16A serves as proof that TDS was deducted from income sources other than salary and provides essential details about the same. According to the Income Tax Act, 1961, payments over Rs.30000 that are not entitled to exemptions are liable for TDS. Definition of Form 16AĮssentially, Form 16A is a TDS Certificate and is issued by employers on deducting Tax at Source. This will come in handy in more than one way. To make the most of this particular document taxpayers should be aware of its components, generation and verification process, among others. Form 16A is a vital document that helps taxpayers to compute and pay applicable taxes with greater convenience.
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