Tag Archives: TDS

New TDS and TCS Rates from 14.05.2020 for FY 2020-21

By | May 14, 2020

New TDS and TCS Rates from 14.05.2020 for FY 2020-21 In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, the rates of Tax Deduction at Source (TDS) for  the following non-salaried specified payments made to residents has been reduced by 25%… Read More »

TDS on Guarantee money will apply even if Cricket Match not played in India : SC

By | May 1, 2020

TDS on Guarantee money will apply even if Cricket Match not played in India : SC In the present case, the Non-resident Sports Associations had participated in the event, where cricket teams of these Associations had played various matches in the country. Though the payments were described as Guarantee Money, they were intricately connected with… Read More »

How to Pay TDS on Property Purchase I TDS on Property Sale I Section 194IA I CA Satbir Singh

By | April 20, 2020

TDS on Purchase of Property I TDS on Property Sale I Section 194IA I CA Satbir Singh Who will pay TDS on sale of property? How is TDS calculated on property purchase? Is TDS on property refundable? What is the due date for payment of TDS on property? What happens if TDS is not deducted… Read More »

TDS on Cash Withdrawal from Banks : Section 194N Income Tax

By | March 30, 2020

TDS on Cash Withdrawal from Banks & Post Office TDS on Cash withdrawal from banks ,Cooperative Banks and Post Office under Section 194N has been changed by Finance Act 2020 w.e.f 01.07.2020 Video Explanation by CA Satbir Singh on Changes in TDS on Cash Withdrawal section 194N by Finance No (2) Act 2019 w.e.f 01.09.2019… Read More »

No Section 194H TDS on discount to distributors of prepaid SIM cards

By | March 4, 2020

CIT (TDS) Vs Vodafone Cellular Ltd. (Bombay High Court) Income Tax Appeal No. 1152 of 2017 27/01/2020 FULL TEXT OF THE HIGH COURT ORDER /JUDGEMENT This order will dispose of all the above five appeals. 2. Heard Mr. Sham Walve, learned standing counsel revenue for the appellant and Ms.Mrunal J. Parekh, learned counsel for the… Read More »