Section 194N Income Tax : Payment of certain amounts in cash Finance Bill 2019 inserted Section 194N of Income Tax Act with effect from the 1st day of September, 2019: Payment of certain amounts in cash Video Explanation of Section 194N Income Tax Commentary on Section 194N of Income Tax Act Effective Date : Section… Read More »
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 »
TDS & TCS under Goods and Services Tax (GST) by CA Mohit Gupta (Author) Price Rs 200 Click here to buy online Publisher: Sumedha Publishing House (2019) Other New GST and Tax Books
Deduction of Tax at Source (TDS) and Collection of Tax at Source (TCS) as amended by Finance Act 2019 Paperback – 2019 by Ram Dutt Sharma (Author) Price Rs 581 Click here to buy online Paperback Publisher: Commercial Law Publishers (2019) Other New Books on TAX and GST
In exercise of powers conferred by the rule 31A and 31AA of the Income-tax rules, 1962, The Central Board of Direct Taxes has prescribed the manner in which a deductor can register and file statement of tax deducted or collected at source electronically F. No. 1/3/7/CIT/OSD/E-FILlNG/TDS-TCS FORMS Government of IndiaMinistry of FinanceCentral Board of Direct… Read More »
Ministry of Finance CBDT extends due dates of TDS compliance in respect of deductors in the State of Odisha Posted On: 24 MAY 2019 With a view to redress genuine hardship faced by the deductors due to the severe disruption of normal life and breakdown of communication systems caused by cyclone “Fani” hitting the State… Read More »
e-Tutorial Online Challan Correction Important Information on Online Correction All type of corrections like “Personal information , Deductee details and Challan correction” can be made using Online correction functionality available from FY.2007-08 onwards depending upon the type of correction This feature is extremely useful as it is : Free of Cost :TRACES does not charge… Read More »
The assessing officer has disallowed the commission paid to foreign agents by holding that the income arising on account of commission paid to overseas agents was deemed to accrue or arise in India and was accordingly taxable under the provision of section 5(2)(b) r.w.s. 9(1)(i) of the act and the assessee has failed to make… Read More »
As per CBDTs Notification 36/2019, dated 12th Apr 2019 the format of TDS statement in Form No. 24Q, Annexure – II has been revised. The notification shall come into force w.e.f. 12th May 2019. The revised Form 24Q, Annexure – II has brought certain changes with regard to the reporting of transactions while filing the TDS statements.… Read More »
CIT(Appeals) cannot travel beyond the subject matter of the appeal, which in the present case is as to, whether fee u/s. 234E of the Act can be levied or not; and not the question, whether the return of TDS filed by the assessee is non est in law? We are, therefore, of the view that the… Read More »