Tax Deducted at Source (TDS) from Interest, other than Interest on Securities (Section-194A)

1.	Introduction to TDS U/s – 194A
2.	Who must deduct tax at source?
3.	When tax is to be deducted?
4.	When no tax is to be deducted?
5.	Rate of TDS
6.	Payment of tax to the credit of the Central Government
7.	Interest for delay in payment of TDS
8.	Issuance of TDS certificate
9.	Furnishing the TDS return
10.	Default in any prescribed procedure
11.	Disallowance of expenses while computing business income due to non-deduction of tax at source under section 194A

For quick and efficient collection of taxes, the Income-tax Law has incorporated a system of deduction of tax at the point of generation of income. This system is called “Tax Deducted at Source” commonly known as TDS. Under this system, tax is deducted at the point of origination of income. Tax is deducted by the payer and the same is directly remitted to the Government by the payer on behalf of the payee.