TCS on foreign remittance and selling of overseas tour package
Section 206C of the income tax Act has been amended by Finance Act 2020. Section 206C deals with TCS. A...
TDS
Important outcomes from Press Conference dated 24th March 2020
Important outcomes from Press Conference dated 24th March 2020 which is as under. GST/Indirect Tax: Last date for filling GSTR-3B...
Section-194C TDS on Payment to Contractors
Sub clause (e) of clause (iv) of the Explanation which describe the definition of the “work” has been amended by...
Section 194-IA TDS on immovable property
Section: -194-IA (TDS on Payment on transfer of certain immovable property other than agricultural land) Provision Extract from Section 194IA...
TDS on Rent Section 194I
Summary of section 194-I of Income Tax Act: - Deductor/ Payer: - Any person (Including Individual/HUF if they are liable...
Amendment in Section: -194-J (TDS on Fees for professional or technical services)
Section: -194-J (TDS on Fees for professional or technical services) As per finance bill 2020, the rate of TDS on...
Record 1-Year Jail given for TDS deposit delay
Section 276B is draconian provision under the Income Tax Act. Default for non deposit of TDS can send defaulters into...