"Chartered Accountant having 20+ years of experience in Industry and practice. Specialized in Taxation "
With effect from the Financial year 2018-19 (AY 2019-20) The CBDT vide Notification No. 08/2018 dated 31.12.2018 had laid down new Procedure for application and issuance of lower deduction / collection of Certificates u/s 197/206C (9), which is applicable for sections 192,193,194,194A,194C,194D, 194G,194H,194I,194J,194K, 194LA 194LBB,194LBC and 195 (non-resident). The process for this depicted below in […]
CBDT’s Circular No. 1 of 2019 dated 01.01.2019– Major/important Points to Remember The CBDT has issued circular No. 1 on 01.01.2019 in respect of the Deduction of tax at Source from Salaries u/s 192 of the Income Tax Act, 1961. Some of the major / important points to remember are; 1. Standard Deduction u/s 16(ia). […]
In the case of rent paid to residents, Section 194IB has been inserted with effect from 1st June, 2017, which is related to TDS on Rent paid by Individuals and HUF to Residents. Article discusses Provisions related to TDS under Section 194IB on Rent paid by Individuals and HUF to Residents. 1. Who is liable […]
