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TDS & TCS RATE CHART FY 201718 SL. Section Of Act No 1192Nature of Payment in briefThreshold Imitate from 01.04.17 to 31.03.18HUF/INDSalariesSalary income must be more than exemption limit after deductionsAverage1A192APremature

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What is nature of payment in?

Nature of payment in refers to the specific reason or purpose for a payment being made.

Who is required to file nature of payment in?

Businesses, organizations, or individuals who make payments that fall under specific categories outlined by tax authorities.

How to fill out nature of payment in?

Nature of payment in can be filled out on a form provided by tax authorities, where the payer must select the appropriate category or reason for the payment.

What is the purpose of nature of payment in?

The purpose of nature of payment in is to provide transparency and accountability in financial transactions, allowing tax authorities to track and verify payments for tax compliance purposes.

What information must be reported on nature of payment in?

The information required to be reported on nature of payment in includes details of the payer, recipient, amount of payment, date of payment, and the specific nature or purpose of the payment.

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