TDS Online payment has to be made through specified banks like SBI, ICICI etc. The type of payment has to be specified with sections. For eg:
- Section 192: Payment of Salary
- Section 194A: Interest (Other thab Interest on Securities)
- Section 193: Interest on Securities
- Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort.
- Section 194BB: Income by way of winnings from horse races
- Section 194c: Payment to contractor/sub-contractors
- Section 194H: Commission or Brokerage
- Section 194I: Rent on a) Plant & Machinery b) Land or building or furniture or fitting
- Section 194-IA: Payment on transfer of certain immovable property other than agricultural land
- Section 194-IB: Rent payable by an individual or HUF not covered u/s. 194I (w.e.f from 01.06.2017)
- Section 194-IC: Payment under Joint Development Aggrements to Individual/HUF (w.e.f 01.04.2017)
- Section 194J: Any sum paid by way of:
a) Fee for professional services
b) Remuneration/fee/commission to a director ore
c) For not carrying out any activity in relation to any business.
d) For not sharing any know-how, patent, copyright etc.
e) Fee for technical services and
f) Royalty towards the sale or distribution or exhibition of cinematographic films.
The challan should contain details of the payer along with the PAN Number.
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