Learn about TDS under Section 194C of the Income Tax Act, applicable when making payments in pursuance of a contract. Explore provisions, time of TDS, threshold limits, and rates for individuals and other payments. Discover circumstances where TDS is not applicable, and understand the calculation process. Get insights on specified persons, work definitions, and FAQs for clarity on compliance. Stay informed to ensure accurate TDS deduction and meet legal requirements.
Input tax credit of goods or services covered under provisions of section 17(5) of Central Goods and Services Tax Act, 2017 is not available.
Discover the applicability of TDS under section 194Q of the Income Tax Act for purchase of goods of value exceeding INR 50 Lakhs. Get to know how the provision, effective from 1st July 2021, affects you, here!
Understand the applicability of TDS on the sale of property. Learn about the rate, time & value on which TDS is deductible. Form 26QB, 16B & FAQs included.
Explore the comprehensive guide to the new TDS Section 194R of the Income Tax Act effective from July 1, 2022. Understand its applicability, time of deduction, TDS rate, and non-applicability conditions. Delve into the clarification provided by the Central Board of Direct Taxes (CBDT) through circulars, addressing various scenarios and frequently asked questions (FAQs). Stay informed and compliant with the latest tax regulations on deduction of tax on benefits or perquisites related to business or profession.
Payments towards professional and technical services may carry TDS provisions as covered under section 194J of the Income Tax Act. Learn what Professional Services, Fees for Technical Services, Royalty, and Non-compete Fees mean under Section 194J.
Understand GST on residential and commercial property rent. From July 2017 to date, learn about exemptions, rates, and recent amendments. FAQs on GST for landlords and tenants answered.
Understand TCS on Sale of Goods (Section 206C(1H)) with FAQs. Learn about rates, applicability, and key clarifications. Stay informed on Income Tax Act changes for better compliance.
Explore the significance of internal audit in day-to-day operations under the Companies Act, 2013. Learn about applicability, qualifications, types, and penalties for non-compliance with FAQs.
Jubilant Infrastructure Ltd Vs DCIT (ITAT Delhi) The disallowance of depreciation in quantum proceedings in A.Y.2016-17 has also resulted in corresponding enhancement of deduction under section 80IAB by the equal amount. The AO has also allowed the enhanced deduction in the quantum and, therefore, no prejudice was caused to the revenue by such claim. It […]
