"30 July 2020" Archive - Page 8

Tax on LTCG u/s 112A Vs Tax on LTCG Prior to Finance Act 2018

Taxation of Long Term Capital Gain (LTCG) under section 112A vis a vis Taxation of Long term Capital Gain Prior to Finance Act, 2018 We all saw an Havoc amongst taxpayers when Finance Act, 2018 was announced in the union budget speech specifically among those assessees whose major part of their total income consisted of […]...

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Posted Under: Income Tax |

TDS Deposit and Filing TDS Statement – Do’s & Don’Ts

DOs FOR TDS DEPOSIT AND TDS STATEMENT FILING: 1. Deposit TDS and file statement before due dates to avoid last moment hustle and late payment of Interest and Late Filing Fee Respectively. Note, the due date for filing Form 24Q for Q4 of FY 2019-20 is 31st July, 2020 2. Always double check TAN and […]...

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Posted Under: Income Tax |

Implication of GST on Joint Development Agreement executed on & after 01st April 2019

Implication of GST on Joint Development Agreement executed on and after 01st April 2019 Joint Development Agreement Under the Joint Development Agreement, hereinafter referred to as JDA, the land owner contributes its land to the real estate developer for construction of real estate projects and the real estate developer undertakes constr...

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Posted Under: Income Tax |

Section 194N TDS on Cash withdrawals exceeding Rs. 1 crore/20 Lakh

Sec 194N:  Tds on cash withdrawal of more than 1 crore Intro: To discourage the cash transaction and move to cash less economy, income tax department has introduced a new section 194N deduction of TDS on cash withdrawal exceeding  Rs. 20 Lakh In case the individual receiving the money has not filed income tax returns […]...

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Posted Under: Income Tax |

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