TDS on Purchase of Goods U/s 194Q: Issues & Concerns

TDS on Purchase of Goods U/s 194Q: Issues & Concerns Scope of TDS compliance is all set to widen with effect from 1st July 2021 as “Purchase of Goods” will also be subject to TDS. Every buyer whose total sales, gross receipts ...
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TDS disallowance u/s 40(a)(ia) is applicable while computing income chargeable under the head “Profits and gains of business or profession” and it is not applicable to any other heads of income.

TDS disallowance u/s 40(a)(ia) is applicable while computing income chargeable under the head "Profits and gains of business or profession" and it is not applicable to any other heads of income.       Short Overview  Provision of section 40(a)(ia) is applicable for ...
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TDS on Purchase of Goods: Confusion & Clarification

TDS on Purchase of Goods: Confusion & Clarification Section 206C(1H) was added in the Income Tax Act- 1961 in the last year which requires every “Seller” with turnover exceeding Rs. 10 Cr to collect Tax at Source (TCS) @ 0.10% ...
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Rates of TDS from 01/04/2021 [FY 2021-22]

Rates of TDS from 01/04/2021 [FY 2021-22] The rate of TDS along with relevant section, Applicable Threshold limit as effective from 01/04/2021 from the Financial year 2021- 22 is as under: Section under which TDS is applicable Nature of Payment Cut Off Limit ...
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