Tag Archives: budget 2020

TCS on overseas Tour Package & Foreign Remittance in Income Tax

By | April 22, 2020

TCS on overseas Tour Package & Foreign Remittance under Income TCS on overseas Tour Package & Foreign Remittance in Income Tax  is imposed by Section 206C(1G) of Income Tax by Finance Act 2020 w.e.f 01.10.2020 Commentary on TCS on overseas Tour Package & Foreign Remittance under Income What is section in Income Tax for TCS… Read More »

Guide To Finance Bill 2020

By | February 6, 2020

Guide To Finance Bill 2020 A Comprehensive & Illustrated guide covering all provisions proposed in the Finance Bill, 2020 Description This book provides a thorough analysis of every clause of the Finance Bill, 2020. All complex provisions have been explained with illustrations which helps the readers to comprehend the new provisions. Incorporating: A comparative table… Read More »

TCS on Sale of Goods above Rs 50 Lakh I Income Tax I Section 206C(1H)

By | February 5, 2020

 TCS on Sale of Goods under Income Tax New TCS on Sale of Goods was inserted by Finance Act 2020 in Income Tax Act by Section 206c(1H). Earlier it was proposed by Finance Bill 2020 that it will be effective from 01.04.2020 but by Finance Act 2020 it has been made effective from 01.10.2020. Video… Read More »

New Section 115BAC Income Tax Act : Proposed by Union Budget 2020

By | February 1, 2020

Insertion of new sections 115BAC Source Union Budget 2020 Download Tax on income of individuals and Hindu undivided family. 53. After section 115BAB of the Income-tax Act, the following sections shall be inserted with effect from the 1st day of April, 2021, namely:– 115BAC. (1) Notwithstanding anything contained in this Act but subject to the provisions… Read More »