Daily Archives: July 6, 2019

Changes in TDS on Sale of immovable property in Budget 2019 u/s 194IA of Income Tax Act

By | July 6, 2019

Changes in TDS on Sale of immovable property in Budget 2019 Finance Bill 2019 Proposed to change Section 194IA of Income Tax Act with effect from the 1st day of September, 2019: Read Section 194IA Income Tax : Payment on transfer of certain immovable property other than agricultural land Section 194IA Income Tax Changes in Budget… Read More »

Section 194N Income Tax :TDS on Payment of certain amounts in cash by Banks/Post offices

By | July 6, 2019

Section 194N Income Tax : Payment of certain amounts in cash Section – 194N, Income-tax Act, 1961 – FA, 2024 1 [Payment of certain amounts in cash.2  194N. Every person, being,— (i) a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred to in section 51 of that… Read More »

Section 194M Income Tax : TDS on payment by Individual/HUF to contractors and professionals

By | July 6, 2019

Section 194M Income Tax : TDS on payment by Individual/HUF to contractors and professionals Finance Bill 2019 inserted Section 194M of Income Tax Act with effect from the 1st day of September, 2019: Payment of certain sums by certain individuals or Hindu undivided family. Video Explanation of Section 194M Income Tax Commentary on Section 194M… Read More »