Answer-<p>Section 194 IA provides for deduction of TDS on which of the following?</p>

Question

Answer-&lt;p&gt;Section 194 IA provides for deduction of TDS on which of the following?&lt;/p&gt;

Accepted Answer

TDS or Tax Deducted at Source is income tax reduced from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest etc. by the persons making such payments Some of the key incomes on which TDS is applicable are     Section   Type of income   TDS Rate    192  Payment of salary  Normal slab    192A  Payment of accumulated balance of provident fund which is taxable in the hands of an employee  10    193  Interest on securities  10    194  Dividend  10    194A  interest other than interest on Securities  10    194C  Payment to contractors  1-2    194D  Insurance commission  5    194EE  Payment in respect of deposit under National Savings scheme  10    194F  Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India  20    194 I  Rent  2 plant 10 Land or building     194 IA   Payment on transfer of certain immovable property other than agricultural land   1    194 J  Fees for professional or technical services  2    194 N  Cash withdrawal  2

Section 194 IA provides for deduction of TDS on which of the following?

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Section	Type of income	TDS Rate
192	Payment of salary	Normal slab
192A	Payment of accumulated balance of provident fund which is taxable in the hands of an employee	10%
193	Interest on securities	10%
194	Dividend	10%
194A	interest other than interest on Securities	10%
194C	Payment to contractors	1-2%
194D	Insurance commission	5%
194EE	Payment in respect of deposit under National Savings scheme	10%
194F	Payment on account of repurchase of unit by Mutual Fund or Unit Trust of India	20%
194 I	Rent	2% (plant) 10% (Land or building)
194 IA	Payment on transfer of certain immovable property other than agricultural land	1%
194 J	Fees for professional or technical services:	2%
194 N	Cash withdrawal	2%