All about Section 194M
All about Section 194M Section 194M provides for levy of TDS at the rate of 5% on the sum paid…
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Whether Payment towards outsourcing services attracts TDS ?
Whether Payment towards outsourcing services attracts TDS ? short overview : Where assessee had hired the services for various works such…
Late fee is not in the guise of a tax nor is it onerous. Late filing of TDS returns by the deductor causesinconvenience to everyone and s. 234E levies a fee to regularize the said latefiling: Bombay HC
Late fee is not in the guise of a tax nor is it onerous. Late filing of TDS returns by…
TDS Return Late fee (or GST Late fee) is an allowable expenditure
TDS Return Late fee (or GST Late fee) is an allowable expenditure Before the question of allowability or disallowability…
Applicability of TDS on Fee paid to facilitate online payment gateways
Applicability of TDS on Fee paid to facilitate online payment gateways Short Overview Where assessee sold travel products through online…
Whether TDS required on cash withdrawals on cash withdrawals by customer from its account with credit Co-operative society: New Section – New controversy in section 194N
Whether TDS required on cash withdrawals on cash withdrawals by customer from its account with credit Co-operative society: New Section…
Service availed by hospital towards maintenance of equipments – Is it a technical service liable for TDS U/s 194J?
Service availed by hospital towards maintenance of equipments – Is it a technical service liable for TDS U/s 194J? Short…
Credit of TDS u/s 194N shall be available to deductee in year of deduction: CBDT
Credit of TDS u/s 194N shall be available to deductee in year of deduction: CBDT The basic rule for TDS…
TDS RATES CHART [For Assessment year 2020-21]
TDS RATES CHART [For Assessment year 2020-21] Particulars TDS Rates (in %) 1. In the case of a person…
No TDS required on Commission payment to foreign agents on rendering of services and receipt of payments outside India if there is no PE in India
No TDS required on Commission payment to foreign agents on rendering of services and receipt of payments outside India if…
Delhi ITAT confirmed additions as assessee claimed TDS but didn’t offer corresponding income in ITR
Delhi ITAT confirmed additions as assessee claimed TDS but didn’t offer corresponding income in ITR INCOME TAX : Where assessee…
ITAT confirmed additions on the basis of TDS claimed as corresponding income in not offered for taxation in ITR
ITAT confirmed additions on the basis of TDS claimed as corresponding income in not offered for taxation in ITR INCOME…
No TDS on Commission to non-resident overseas agents who have no PE or business activities in India
No TDS on Commission to non-resident overseas agents who have no PE or business activities in India Where payment of…
TDS : Trust cannot be included within “Individuals and HUF” & liable to Penalty for non compliance
TDS : Trust cannot be included within “Individuals and HUF” & liable to Penalty for non compliance Sec 194-I :…
All about TDS on cash withdrawals
All about TDS on cash withdrawals On August 01 2019, the president gave assent to Finance Act 2019. The Act…
When the payment os made by assessee to overseas agent for services rendered abroad, it is not income chargeable to tax in India and hence no TDS required
When the payment os made by assessee to overseas agent for services rendered abroad, it is not income chargeable to…
TDS on booking an air ticket
TDS on booking an air ticket In the regular course of business, an assessee has to continually book tickets for…
