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Narsinghram.m

Latest Posts by Narsinghram.m

Tax Audit Applicability: FY 2020-21

February 19, 2020 302484 Views 5 comments Print

The finance Bill, 2020 has brought a major amendment to section 44AB of the income tax act an extract of which stands as follows, 23. In section 44AB of the Income-tax Act,–– (A) in clause (a),–– (i) the word “or” occurring at the end shall be omitted; (ii) the following proviso shall be inserted, namely:–– […]

Preference Dividend- TDS Applicability

January 6, 2020 27954 Views 1 comment Print

The issue that arises is to determine whether Preference dividend falls under the definition of dividend u/s 2(22). DDT u/s 115-O shall be deducted only when the dividend distributed falls u/s 2(22). In case preference dividend is not covered u/s 2(22), TDS u/s 194 is required to be deducted. 1. Attention is to be given […]

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