Section 195A of Income Tax Act, 1961
Section 195A of Income Tax Act, 1961- Income Payable ‘Net of Tax’ Section 195A: In a case other than that referred to in sub-section (1A) of section...
Income Tax
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Section 17(5) of CGST ACT, 2017
Input Tax Credit: Input Tax Credit means the tax paid by the Registered Recipient of goods or services in the form of Central Tax (CGST), State...
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CBDT instruction on Processing of returns with refund claims:05-07-2021
F. No. 225/98/2020/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block Dated: 5 July, 2021 Order under...
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Section 194IB TDS on Rent of Property
Extract of Section 194IB TDS on Rent of Property (1) Any person, being an individual or a Hindu undivided family (other than those referred to in...
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Section 194J TDS on Professional or Technical Fees
1) Analysis of Section 194J of Income Tax Act, 1961 Every person other than an individual or a HUF, who is responsible for paying to a...
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CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB
Ministry of Finance CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB Posted On: 05 JUL 2021 5:11PM by PIB Delhi As...
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New section 147 Reassessment procedure | Reason to believe Vs. Information
New Reassessment procedure under section 147 – “Reason to believe” Vs. “Information” Finance Act, 2021 made the existing procedure of reassessment under section 147 of...
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Section 194DA: TDS on Payment in respect of Life Insurance Policy
Extract of Section 194DA TDS on Payment in respect of Life Insurance Policy Section 194DA: Any person responsible for paying to a resident any sum...
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Buyer to deduct TDS on Purchase of Goods from Resident Seller: CBDT issues Guidelines [Read Circular]
The Central Board of Direct Taxes ( CBDT) issued the guidelines in respect of Section 194Q of the Income Tax Act, 1961 in respect of...
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Section 194Q & Section 206C(1H) of Income Tax Act
Finance Act, 2020 had introduced Section 206C (1H) for levy of Tax collected at source (TCS) on sale of goods by a seller from a...