Taxation Exam > Taxation Videos > Income Tax for assessment (Inter Level) > S 194D to 194I
S 194D to 194I Video Lecture | Income Tax for assessment (Inter Level) - Taxation
|
405 videos|72 docs
|
FAQs on S 194D to 194I Video Lecture - Income Tax for assessment (Inter Level) - Taxation
| 1. What is the difference between Section 194D and Section 194I of taxation? |  |
Ans. Section 194D of taxation pertains to the deduction of tax on insurance commission, while Section 194I relates to the deduction of tax on rent.
| 2. How is the tax deducted under Section 194D? | |
Ans. Tax is deducted under Section 194D at the rate of 10% on the commission paid or credited to an individual or a resident Hindu Undivided Family (HUF).
| 3. What are the provisions for tax deduction under Section 194I? | |
Ans. Under Section 194I, tax is deducted at the rate of 10% on the rent paid or credited to a resident individual, HUF, or any other person except for certain specified entities.
| 4. Are there any exemptions or thresholds for tax deduction under Section 194D? | |
Ans. Yes, the threshold limit for tax deduction under Section 194D is ₹15,000. If the commission paid or credited does not exceed this limit in a financial year, no tax deduction is required.
| 5. Can tax deduction under Section 194I be avoided if the rent is paid to a non-resident? | |
Ans. No, tax deduction under Section 194I is applicable on rent paid to any person, whether resident or non-resident. However, different rates and rules may apply for non-resident landlords as per the provisions of the Income Tax Act.
Related Exams
About this Video
|
Nov 16, 2024 Last updated |
Video Description: S 194D to 194I for Taxation 2024 is part of Income Tax for assessment (Inter Level) preparation.
The notes and questions for S 194D to 194I have been prepared according to the Taxation exam syllabus.
Information about S 194D to 194I covers all important topics for Taxation 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for S 194D to 194I.
Introduction of S 194D to 194I in English is available as part of our Income Tax for assessment (Inter Level) for Taxation & S 194D to 194I in
Hindi for Income Tax for assessment (Inter Level) course. Download more important topics related with notes, lectures and mock test series for
Taxation Exam by signing up for free.
Description
Video Lecture & Questions for S 194D to 194I Video Lecture | Income Tax for assessment (Inter Level) - Taxation - Taxation full syllabus preparation | Free video for Taxation exam to prepare for Income Tax for assessment (Inter Level).
Information about S 194D to 194I
Here you can find the meaning of S 194D to 194I defined & explained in the simplest way possible.
Besides explaining types of S 194D to 194I theory, EduRev gives you an ample number of questions to practice S 194D to 194I tests,
examples and also practice Taxation tests.
|
405 videos|72 docs
|
|
Explore Courses for Taxation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Free
,study material
,Semester Notes
,Sample Paper
,S 194D to 194I Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,shortcuts and tricks
,Exam
,ppt
,Important questions
,S 194D to 194I Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,past year papers
,Previous Year Questions with Solutions
,MCQs
,Objective type Questions
,Extra Questions
,Viva Questions
,Summary
,S 194D to 194I Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,video lectures
,mock tests for examination
,practice quizzes
;
Study S 194D to 194I on the App
Students of Taxation can study S 194D to 194I alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the S 194D to 194I,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of S 194D to 194I is prepared as per the latest Taxation syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup