CBDT clarifies provisions relating to charitable and religious trusts
Circular No. 6 of 2023, issued by the Central Board of Direct Taxes, Ministry of Finance, Government of India, provides...
Income Tax
Section 194BA – TDS on Winnings from online games – CBDT Clarifies
Circular No. 5 of 2023, issued by the Central Board of Direct Taxes (CBDT), provides guidelines for the implementation of...
TCS on foreign Tours
Section 206C (1G) of the Income Tax Act, 1961: TCS on foreign Tours Any person selling overseas tour package has...
TCS on Motor Vehicles
Section 206C (1F) of the Income Tax Act, 1961: TCS on Motor Vehicles This Section lays down that every seller...
TCS on Sale of Goods-Section 206C(1H)
Section 206C(1H) of the Income Tax Act, 1961:- TCS on Sale of Goods TCS should be collected on Sale of...
TDS ON Purchase of goods-Section 194Q
Section 194Q of the Income Tax Act,1961- (TDS ON Purchase of goods) TDS should be deducted on purchase of goods...
TDS on Rent by Certain Individuals and HUFs-Section 194IB
Section 194IB : TDS on Rent by Certain Individuals and HUFs TDS to be deducted @ 5% if Rental payment...
TDS on E-commerce transactions-Section 194O
Section 194O : TDS on E-commerce transactions An E-commerce operator will deduct TDS @ 1% on Sales or services provided...
TDS on Cash Withdrawals-Section 194N
Section 194N : TDS on Cash Withdrawals TDS will be deducted @ 2 % on Cash Withdrawals exceeding 1 Cr...