Cashflow 202 capital gains card pdf
Rent income by an individual or HUF under Joint Development Agreements if it exceeds Rs.50,000 per month Rent earnings from a HUF or individual apart from the ones covered under Section 194-IĬompensatory income against the sale of specific immovable propertyĮarnings from HUFs or Individuals (up to Rs.50 lakh) Yields from lotteries, card games, crossword puzzles, etc. Income in the form of insurance commissionĮarning from the sale of any immovable property apart from agricultural land Note: TDS does not apply to such interest income if it does not exceed Rs.40,000, and Rs.50,000 for general and senior citizens respectively, in a given Financial Year.
#Cashflow 202 capital gains card pdf professional#
Issued by a local government authority or corporation.Yields from repurchasing of any unit by Unit Trust of India or Mutual Fund ParticularsĪpplicable TDS rate from 14 th May 2020 – 31 st March 2021 The following table displays the TDS rate chart for Resident Individuals. Organisations other than domestic companies.In India, TDS applies to four types of persons – The TDS rates thus levied also vary across income varieties and the person taxed. Tax Deducted at Source applies to an array of income kinds, like salary, interest accrued on term deposits, interest earned on securities, etc. The primary objective of TDS is to reduce incidences of tax evasion by ensuring it’s deducted at source of income generation rather than at a future date. By means of it, the government collects tax from a person’s income at the time it is generated. TDS or Tax Deducted at Source is a critical tool for the purpose of Income Tax collection.