Income Tax

Circular No. 6 of 2023, issued by the Central Board of Direct Taxes, Ministry of Finance, Government of India, provides...

Circular No. 5 of 2023, issued by the Central Board of Direct Taxes (CBDT), provides guidelines for the implementation of...

Section 206C (1G) of the Income Tax Act, 1961: TCS on foreign Tours Any person selling overseas tour package has...

Section 206C (1F) of the Income Tax Act, 1961: TCS on Motor Vehicles This Section lays down that every seller...

Section 206C(1H) of the Income Tax Act, 1961:- TCS on Sale of Goods TCS should be collected on Sale of...

Section 194Q of the Income Tax Act,1961- (TDS ON Purchase of goods) TDS should be deducted on purchase of goods...

Form 10BD:- Form 10BD is a statement required to be furnished by the donee, i.e., the trust, NGO or institution...

Section 194IB : TDS on Rent by Certain Individuals and HUFs TDS to be deducted @ 5% if Rental payment...

Section 194O : TDS on E-commerce transactions An E-commerce operator will deduct TDS @ 1% on Sales or services provided...

Section 194N : TDS on Cash Withdrawals TDS will be deducted @ 2 % on Cash Withdrawals exceeding 1 Cr...