Section 194D- TDS on Insurance Commission
Insurance policies are a common investment among individuals in India, spanning health, term, and life insurance. These policies can be …
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Section 194C – TDS on payment to Contractors
This is the most important Section under the whole TDS provisions, as this section is applied on most of the …
GST Compensation Cess
Goods and Services Tax (Compensation to States) Cess Act, 2017 1. Background: The Compensation Cess Act was enacted to address …
Optimizing Tax Strategies for Employees
When an employer hires an individual, they specify the Cost to Company (C.T.C), indicating the yearly expenditure for that employee. …
TDS on Purchase of Goods Vs. TCS on Sale of Goods
TDS on Purchase u/s 194Q and TCS on Sale of Goods u/s 206C(1H) are most important sections under Income Tax …
TDS on Purchase of Goods – Section 194Q
TDS on Purchase (Section 194Q): Let’s Read the Law First: Deduction of tax at source on payment of certain sum …
Ad revenue income sharing by X (Twitter) liable to GST, if exceeds threshold: Experts
Remuneration received by individuals from X (formerly Twitter), as part of its advertisement revenue sharing plan, will be treated as …
TCS on Sale of Goods – Section 206C(1H)
TCS on Sale of Goods: Let’s Read the Provisions of Law first: Section 206C (1H) Every person, being a seller, …
What is Tax Audit, New Tax Audit limits, Tax audit last Date, Tax audit Penalty provisions
Tax Audit: Tax audit is a process in which the accounts and financial statements of a taxpayer are thoroughly examined …
Section 44ADA – Presumptive Taxation for Professionals with new changes from FY 2023-24 & AY 2024-25
Section 44ADA of the Income Tax Act, 1961, provides a presumptive taxation scheme for professionals who are engaged in specified …
