Delve into Section 194H of the Income Tax Act, exploring its intricacies on tax deduction for commission or brokerage payments. Learn about applicable rates, exemptions, and insights from relevant case laws. Stay informed to ensure accurate compliance.
Explore the comprehensive study of Audit Planning under ISA 300. Understand the importance of preliminary planning activities, development of audit strategy and plan, changes during the audit, and the role of direction, supervision, and review. Learn about documentation requirements and the special considerations for initial audit engagements and small entities. Stay informed about the changes from previous ISA and the vital role of obtaining knowledge of the entity’s business in risk assessment procedures.
Explore the intricacies of Presumptive Taxation under the Income Tax Act of 1961, focusing on Sections 44AD, 44ADA, and 44AE. Delve into a critical analysis, understanding the schemes applicable to residents in India. Discover the criteria for eligibility, consequences of opting for presumptive taxation, and the quantification of presumed income. Uncover the nuances of each section and gain insights into the implications for businesses, professionals, and carriage owners.
Know section 206(1G) TCS on outward remittance under LRS with budget 2023. Explore details of RBI LRS & overseas tour program package w.e.f. 10.2020.
Government always try to combat the situation of tax avoidance and evasion, all TDS and TCS provisions are made part of our Direct Tax Regime with this object. With changed economic Scenario it seems inevitable to introduce new entries and modification in existing provisions.
Navigate TDS on Rentals with clarity on Section 194I, 194IB, and 194IC. Learn about rates, applicability, and differences between sections. Stay compliant and informed in rental transactions.
Understand TDS under Section 194R as per CBDT guideline. Learn about the 10% TDS deduction on benefits provided in business or profession.
Dive deep into the intricate details of TDS under Section 194J of the Income Tax Act, 1961. This comprehensive analysis covers the applicability to various payments, definitions of professional services, technical services, royalty, and non-compete fees. Explore examples, threshold limits, and the applicable rates of tax deduction. Stay informed with relevant issues and insights, including notable court judgments.
Discover the importance of using an auditors expert in the audit process. Learn about evaluating competence, capabilities, and objectivity for reliable audit evidence.
Learn about the new tax deduction provision under Section 194Q and its implications for buyers. Understand the criteria and rates for tax deduction.
