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...
Articles
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...
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...
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...
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...
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...
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...
Income Tax Provisions on ESOP Expenditure
Employee Stock Option Plan (ESOP) is a scheme where a company issues its share to its employees at price lower...
Section 206AB and 206CCA of Income Tax Act, 1961
Section 206AB and 206CCA are inserted by Finance Act, 2021. These sections are special provision for deduction/collection of tax at source at...
TDS on Cash Withdrawal: Section 194N
As per section 194N, all the Banks to which Banking Regulation Act applies including a Co-operative Society and a post...