Consult an Expert

Business Setup

Prefer to talk to a business advisor first?

Book a call back

Tax & Compliance

Prefer to talk to a business advisor first?

Book a call back

Trademark & IP

Prefer to talk to a business advisor first?

Book a call back

Documentation

Prefer to talk to a business advisor first?

Book a call back

Others

Prefer to talk to a business advisor first?

Book a call back

Consult an Expert

Business Setup

Tax & Compliance

Trademark & IP

Documentation

Others

Consult an Expert

Talk to a Lawyer

Talk to a Chartered Accountant

Talk to a Company Secretary

Talk to a IP/Trademark Lawyer

Business Setup

Tax & Compliance

GST and Other Indirect Tax

GST Cancellation and Revocation

Indirect Tax

RoDTEP

Changes in Pvt Ltd Company

Add a Director

Remove a Director

Increase Authorized Capital

Close the Pvt Ltd Company

Strike off Company

Change Objective/Activity

Change Address

Changes In Limited Liability Partnership

Add Designated Partner

Changes to LLP Agreement

Close the LLP

Mandatory Annual Filings

Annual Compliance Services

LLP Annual Filings

CFSS

Secretarial Audit

Labour Compliance

Provident Fund (PF) Registration

ESI Registration

Professional Tax Registration

Shops and Establishments License

Employee Stock Option Plan [ESOP]

POSH Compliance

Labor Law Advisor

Accounting & Tax

Accounting and Book-keeping

TDS Return Filing

Individual Income Tax Filing

Proprietorship Tax Return Filing

ITR for LLP

Corporate Tax

Income Tax Assessment

Income Tax Notice

Virtual CFO

Convert Your Business

Proprietorship to Pvt Ltd Company

Compliance Check - Secretarial Audit

Due Digilence

RBI Compliance

Convert Partnership into LLP Company

Convert Private into Public Limited Company

Convert Private into OPC Company

Others

Fundraising

NGO Registration

NGO Compliance

Property

Property Title Verification

Property Registration

Rera Complaint

Licenses & Registrations

Gun License

Name Change & Other Conditiions

Name Change

Religion Change

Gender Change

File an e-FIR

Online Police Complaint

Marriage

Marriage Registration

Court Marriage

Mutual Divorce

Divorce Alimony

Restitution of Conjugal Rights

Immigration

Corporate immigration

Family immigration

College immigration

File a Consumer Complaint

Online Consumer Complaint

E-Commerce Consumer Complaint

Insurance Consumer Complaint

Lawyer Services

Labour Law Advisor

Criminal Lawyer

Labour Lawyer

Consumer Court Lawyer

Intellectual Property Lawyer

Trademark Lawyer

Reply to ITR Notice

Expert Services

Technology, Media and, Telecom (TMT)

Risk Management and Regulatory Risk

Notice: File your annual accounts (AOC-4) before 29th October. Talk to our expert

Home>

TDS Return>

Section 194ia And Section 194ib

Section 194IA and Section 194IB

Section 194IA of the Income Tax Act contains guidelines regarding the payment of TDS by taxpayers. The other section that has a bearing on the payment of TDS in India is Section 194 IB. Tax Deducted at Source, much like the name suggests, is a tax levied on certain income and deducted by the remitter. Section 194(IA) and Section 194 (IB) deals with the payment of the TDS by a rent-paying or property-buying individual. Let us now take a closer look at both Section 194IB and Section 194IA of the Income Tax Act.

Get Started!

3 Lakhs+

Businesses Registered

5 Lakhs+

Happy customers

Google Reviews

4.4/5

16k+ Happy Reviews

FAQ's on Section 194IA and Section 194IB

What is section 194i 194IA and 194IB?

Section 194i, 194IA, and 194IB are sections of the Income Tax Act, 1961 that deal with the deduction of TDS on payments made for certain specified services.

What is the difference between 194i A and 194i B?

The main difference between Section 194iA and Section 194iB is the rate of TDS. The rate of TDS under Section 194iA is 2%, while the rate of TDS under Section 194iB is 5%.

What is Section 194IB of income?

Section 194IB of the Income Tax Act, 1961, deals with the deduction of TDS on payments made to a non-resident for the transfer of any right to use any intellectual property in India. The rate of TDS under Section 194IB is 10%.

What is Section 194IA interest rate?

The Section 194IA interest rate is 2%. This means that the deductor is required to deduct TDS at the rate of 2% from any sum paid to a resident for the transfer of any right to use any intellectual property in India.

How do I claim TDS deducted from 194IA?

Tax deducted shall be deposited to the Government within 7 days from the end of the month in which tax deduction is made. Online tax payment can be done by selecting Form 26QB (return cum Challan form) which is available on the website www.tin-nsdl.com under “TDS on Sale of Property” tab.

Is there any tax on sale of property?

If you sell a residential property or a land after holding it for more than two years, you are liable to pay long-term capital gains tax of 20 per cent after indexation. So, if you make a gain of Rs 50 lakh, you may end up paying Rs 10 lakh as tax. However, you can very well save this significant tax outflow.

What is Section 194ib?

The government introduced section 194IB in the Income-tax Act making it mandatory for a tenant to withhold taxes @ 5% on rental payments, over and above Rs. 50,000 per month and to deposit it within the prescribed time with the government.

Trusted by 400,000 clients and counting, including …

TOOLS