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Jun 5, 2024 · In this regard, Section 195 of the Income-tax Act, 1961 specifies the TDS provision in the case of an individual making a payment by way of interest or any other amount other than salary to an NRI or a foreign company. Non-resident Indians (NRIs) also need to file their tax returns for the income earned in India.
Jul 9, 2021 · Section 195 of Income tax act, 1961 mandates the deduction of Income tax from payments made to Non Resident. The person making the remittance to non – resident needs to furnish an undertaking (in form 15CA) accompanied by a Chartered Accountants Certificate in Form 15CB. ♦ 15CA. 1.
Apr 5, 2024 · Section 195 of the Income Tax Act of 1961 outlines the TDS provision for individuals making payments, excluding salary, to NRIs or foreign companies. NRIs are required to file tax returns for income earned in India and can also claim TDS when filing their tax returns.
Dec 19, 2023 · In the complex landscape of taxation, Section 195 of the Income Tax Act, 1961 stands as a cornerstone for ensuring that tax deducted at source (TDS) is appropriately applied to payments made to non-residents.
Feb 21, 2023 · Section 195 of the Income Tax Act, 1961 lays down the provisions regarding TDS on payments made to non-residents and is an important section for those making such payments to ensure compliance with the provisions of the Income Tax Act, 1961.
Aug 6, 2019 · As per section 195 of the Income Tax Act, 1961, any person making payment to a non-resident (not being a company) or to the foreign company for the following payments is liable to deduct TDS – Any interest (except interest referred in section 194LB or section 194LC or section 194LD),
The section 195 of the Income Tax Act, 1961 is all about the Tax Deducted at Source (TDS) for non-resident citizens of India. Section 195 is defined as Government of India collects tax from the amount paid to another person or entity which is one of the major sources of revenue.
Oct 11, 2023 · Section 195 of the Income Tax Act pertains to the deduction of tax at source (TDS) on payments made to non-residents (including foreign companies) in India. It outlines the obligations of the person responsible for making the payment to deduct tax and remit it to the Indian government.
Section 195 spells out the tax rates and deductions on payments made to Non-Resident Indians (NRIs), who are required to file tax returns in India for income received or accruing or arising in India or deemed to accrue or arise in India.
Factors of 195 are numbers that, when multiplied in pairs give the product as 195. It has a total of 8 factors of which 195 is the biggest factor and the positive factors of 195 are 1, 3, 5, 13, 15, 39, 65, 195. The Pair Factors of 195 are (1, 195), (3, 65), (5, 39), (13, 15) and its Prime Factors are 3 × 5 × 13.
