In absence of a written sub-contract: whether contractors liable to deduct TDS? In general practice the person who generates income is under an obligation to file its return and/or to pay tax under Income Tax Act, 1961 (for brevity hereinafter referred to as “IT Act”). But in certain enumerated situations, the payer of such consideration […]
Are medical professionals allowed to accept incentives under the Income Tax Act, 1961? Find out the regulations and penalties associated with the acceptance of freebies.
