"19 January 2018" Archive - Page 2

Exempt TDS on certain payments for personal purposes: ICAI

There is no specific exemptions from tax deduction at source in case of payments of personal nature, in respect of the cases covered in Section 194A (interest), Sec. 194H (brokerage), and Section 194-I (Rent)....

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Posted Under: Income Tax |

25th GST Council Meeting – Key Decisions

The GST rate on 29 items have been reduced and 53 Services have been exempted from GST, in addition to some other major changes in services sector. GST Council decides to divide Rs 35,000 Crs. IGST collections between Centre & States, provisionally....

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Posted Under: Income Tax |

Shifting of Registered Office from One State to Another

We talk about shifting of Registered Office(RO) of the Company from One State to the Another which have more compliance than shifting the Registered Office within the State....

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Posted Under: Income Tax |

GST Puzzle in Health Care Sector finally solved!

The 25th GST council held on 18th January 2018 has finally resolved one of the jigsaw puzzles that have been mystifying the health care sector since 1st July 2017. ...

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Posted Under: Income Tax |

Which is the Best Performing Mutual Fund now?

During my TV interviews, in each and every show, either the anchor or one of the callers will ask this question....

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Posted Under: Income Tax |

All About Electronic Way Bill under Goods and Service tax

This article is talking about all the aspects of electronic waybill....

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Posted Under: Income Tax |

Section 194C-: TDS on auto rickshaws and/or buses used for transportation of goods

Section 194C(6) provides exemption to small good carriage contractor/transporter (owning not more than 10 goods carriage at any time during the previous year) on furnishing of PAN along with the declaration to that effect to deductor from TDS....

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Posted Under: Income Tax |

Payment made towards purchase of flat cannot be treated as deemed dividend

DCIT Vs Smt. Sriram Satyavathi (ITAT Visakhapatnam)

DCIT Vs Smt. Sriram Satyavathi (ITAT Visakhapatnam) The fact that the company M/s. Vijetha Constructions has taken the advances for sale of flats was substantiated by the registered sale agreements. The same cheque No. and the dates were mentioned in the promissory note and the sale deeds which fortifies the assessee’s contention that t...

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Exempt TDS on Commission to partner from TDS deduction U/s. 194H: ICAI

In case of partnership firms, Section 40(b)(i) provides that remuneration shall mean any payment of salary, bonus, commission or remuneration by whatever name called. Considering a partner and partnership firm as one entity, the provisions of tax deduction at source...

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Posted Under: Income Tax |

Section 194-I: Increase TDS on rental income exemption limit of Rs. 1,80,000

As per the provisions of section 194-I, the tax is to be deducted at source @10% in respect of income by the way of rent for any use of land or building or furniture or fixture etc....

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Posted Under: Income Tax |

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