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 »
Finance Bill 2019 ( 5th July 2019) Finance Bill 2019 Presented on 5th July 2019 Download Finance Bill 2019 Click here Download Memorandum of Finance Bill 2019 Click here Download Budget Speech on 5th July 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 »
The Budget 2019-20 (Released on 5th July 2019) Product description Budget Highlights Finance Minster’s Speech Finance (No. 2) Bill 2019 Price Rs 240 Click here to buy online Paperback: 188 pages Publisher: Taxmann; 2019 Edition edition (2019) Language: English Other New GST and Tax Books
Tax on Cash withdrawal from bank : Budget 2019-20 I TaxHeal TDS on cash withdrawal from banks: In order to discourage large amount of cash withdrawal from bank accounts, it is proposed to provide for tax deduction at source at the rate of 2% on cash withdrawal by a person in excess of Rs. 1… Read More »
10 Amendments in GST Law Coming Soon FY 2019-20 I TaxHeal
Ministry of Finance GST processes further simplified; businesses with less than Rs. 5 crore annual turnover to file quarterly GST returns; threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. 40 lakhs Sabka Vishwas Legacy Dispute Resolution Scheme to resolve litigations involving more than Rs. 3.75 Lakh Crore of pre-GST regime… Read More »
Government to consider issuing Aadhaar Card for NRIs with Indian Passports Government to open four new Embassies in 2019-20 17 iconic Tourism Sites being developed into world class tourist destinations Indian Development Assistance Scheme (IDEAS) to be revamped Posted On: 05 JUL 2019 1:27PM by PIB Delhi The Union Finance Minister proposed to consider issuing… Read More »
Ministry of Finance Lower rate of 25 % Corporate Tax extended to companies with Annual Turnover up to Rs. 400 crore from earlier cap of upto Rs 250 crore Interchangeability of PAN and Aadhaar to file tax return proposed 2 % TDS on cash withdrawal exceeding Rs. 1 crore in a year from a bank… Read More »
Ministry of Finance Scheme of Fund for Upgradation and Regeneration of Traditional Industries (SFURTI) aims to set up more Common Facility Centres for generating sustained employment opportunities SFURTI envisions 100 new clusters in 2019-20 to help 50,000 artisans economically 10,000 new Farmer Producer Organizations to be formed to ensure economies of scale for farmers over… Read More »