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…
TDS
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…
Section 276B invariably provides for Prosecution for delay in payment of TDS and prosecution in such case is confirmed by court
Section 276B invariably provides for Prosecution for delay in payment of TDS and prosecution in such case is confirmed by…
No recovery from residents towards TDS if NRI has paid the taxes due on income
No recovery from residents towards TDS if NRI has paid the taxes due on income The relaxation is proposed in…
Wrong Claim for TDS not to attract any Penalty
Wrong Claim for TDS not to attract any Penalty INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “F”, MUMBAI ITA No.7030/M/2018 Assessment…
Now, personal payment to contractors or professional will attract TDS
Now, personal payment to contractors or professional will attract TDS Union Budget 2019 intends to widen the TDS net. Even…
All about TDS on Rent
All about TDS on Rent Rent payment attracts tax deduction at source u/s 194-I. As per section 194-I “Rent” means…
Business Compliance Calendar for the month of July 2019
Business Compliance Calendar for the month of July 2019 Special Caution: – Annual return of income for the assessment…
TDS Return GSTR-9l7 Date Extended to August 31, 2019
TDS Return GSTR-9l7 Date Extended to August 31, 2019
Do the thankless Job and get the prosecution as reward
Do the thankless Job and get the prosecution as reward TDS is just an additional compliance burden on the payer…
