Types of income subject to deduction
of tax at source
1.The following types of incomes are mainly subject to deduction of tax at source :
(a)
Salaries — Section 192.
(b)
Interest on securities — Section 192.
(c)
Dividend - Section 194.
(d)
Other interest — Section 194A.
(e)
Winnings from Lottery or crossword puzzle — Section 194B.
(f)
Winning from horse race — Section 194BB.
(g)
Payment to resident contractors and
sub-contractors — Section 194C.
(h)
Insurance commission — Section 194D.
(i)
Payments to non-resident sportsmen or sports associations —
Section 194E.
(j)
Payments in respect of deposits under the N.S.S. — Section
194EE.
(k)
Payments on account of repurchase of units by Mutual Fund or UTI —
Section 194F.
(l)
Commission, etc., on the sale of lottery tickets — Section
194G.
(m)
Commission or brokerage — Section
194H.
(n)
Rent exceeding Rs. 1,20,000 —
Section 194 I.
(o)
Fees for professional or technical
services — Section 194J.
(p)
Income from UTI units and Mutual Funds — Section 194K
(q)
Other sums payable to non-residents and non-Indian companies only —
Section 195.
(r)
Income from units — Section 196B.
(s)
Income from foreign currency bonds or shares of Indian company —
Section 196 C.
(t)
Income of foreign institutional investors from Securities —
Section 196D
End.,
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