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Old Section 194T is now Sl. 7 of Section 393(3). Firms must deduct 10% TDS on all partner payments above Rs. 20,000 per partner per year. Capital account credits are explicitly included. Effective from Tax Year 2025-26.
Old Section 194S is now Sl. 8(vi) of Section 393(1). 1% TDS on every VDA transfer. Threshold differs by payer category. Overrides e-commerce TDS per Note 4. In-kind VDA exchanges covered under Note 6.
Old Section 194R is now Sl. 8(iv) of Section 393(1). Any business benefit given to a resident by a specified person must have 10% TDS deducted before delivery, whether in cash or kind. Note 2 and Note 6 from the Act explained.
Old Section 194Q is now Sl. 8(ii) of Section 393(1). Buyers whose total sales or turnover exceeded Rs. 10 crore in the preceding Tax Year must deduct 0.1% TDS on goods purchased above Rs. 50 lakh from a single seller.
Old Section 194O is now Sl. 8(v) of Section 393(1). E-commerce operators deduct 0.1% TDS on gross sales by all participants. Small individual sellers with PAN are exempt up to Rs. 5 lakh. Note 3 governs override and direct payment rules.
Old Section 194N is now Sl. 5 of Section 393(3). Banks deduct TDS at 2% on cash withdrawals above Rs. 1 crore (Rs. 3 crore for co-operative societies). The non-filer higher rate provision is carried from the 1961 Act framework.
Old Section 194M is now Sl. 6(ii) of Section 393(1). Individuals and HUFs outside the designated/specified person category must deduct 2% TDS when aggregate contract, professional, or commission payments to a single person exceed Rs. 50 lakh.
Hexagon Nutrition Limited has been manufacturing micronutrient premixes, clinical nutrition, and therapeutic foods since 1993.
Vahh Chemicals Limited makes and supplies specialised chemicals for the textile processing industry. Its Rs 13.45 crore SME IPO opens June 4 to June 8, 2026 on BSE SME at Rs 60 per share. The issue is a 100% fresh fixed price issue. Revenue grew from Rs 10.16 crore in FY2024 to Rs 43.15 crore in FY2026, a two-year CAGR of 106%. Here is everything from the prospectus.
Old Section 197 is now Section 395. If TDS being deducted is higher than your actual tax liability, apply for a certificate to get TDS at a lower or nil rate. Section 395(6) now allows electronic filing.
Old Section 195 is now Sl. 17 of Section 393(2). Every payment to a non-resident that is chargeable to tax in India requires TDS. No threshold. Rates depend on the Act or DTAA, whichever is lower.
