New Guidelines for Section 194-O of the IT Act
CBDT issued Circular No. 20/2023 Dated 28 December 2023 to issue Guidelines for Removal of difficulties and clarity has been …
TDS
TDS on fixed deposit interest: A guide on how to avail exemption
Fixed deposits (FD) have gained popularity, with some banks offering up to 9 per cent interest. Despite the allure of …
Direct Tax Collection: Will exceed budget target for direct tax: CBDT chairman Nitin Gupta
Expressing confidence that the direct tax collection in the current fiscal would exceed the budget estimate of Rs 18.23 trillion, …
If you live in company- provided house, your take home pay just increased
The Central Board of Direct Taxation has framed new rules for company-provided rent-free homes. It has lowered the tax for …
Tata Comm moves ITAT against Rs 228.49 cr TDS order by Income Tax Dept
Tata Communications has moved the Income Tax Appellate Tribunal against an income tax commissioner court order rejecting the company’s appeal …
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 …
Section 192A (Pre Mature withdrawal of RPF)
Section 192A of the Income Tax Act, 1961, deals with the provision of Tax Deducted at Source (TDS) on premature …
Section 192 – TDS on Salary
Section 192 of the Income Tax Act, 1961, deals with the provisions related to Tax Deducted at Source (TDS) on …
Section 194Q – TDS on Purchase
Section 194Q is a provision introduced in the Income Tax Act, 1961, by the Finance Act, 2021. It deals with …
28% GST on online gaming: How will new tax work for players and companies
The Goods and Services Tax (GST) Council, in its 51st meeting on August 2, 2023, decided to stick to its …
