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...
Section 194-K (TDS on Income From Mutual Fund)
A new section 194-K was inserted in the Finance Bill 2020 which is as under: - Section: -194-K (TDS on...
GST Major Amendments in 39th Council Meeting
39th Meeting of the GST Council Outcome on 14th Mar 2020. The following point are considered in this meeting which...
Amendment in Audit Threshold Limit u/s 44AB of Income Tax Act
Audit of accounts of certain persons carrying on business or profession -New Proviso has been inserted in sub-clause (a) of...
Due Date of Filling of ITR is Extend From 30th September to 31st October
Recently CBDT made the amendments in the Income Tax Act through finance bill 2020. The due date of filling of...
Section 140 (Return by whom to be verified)
CBDT made the following amendments in section 140 of the Income Tax Act in the finance bill 2020. Section 140...
Last date to Opt-Composition Scheme for F.Y. 2020-21
Due to pandemic COVID-19 Government extend the last date of opting composition scheme i.e. 30-06-2020. To read full article click...