Applicability of Section 194Q TDS on Purchase of Goods
June 4, 2021
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In the Budget 2021-22, a new section 194Q introduced which will be effective from 1st July 2021. In order to
In the Budget 2021-22, a new section 194Q introduced which will be effective from 1st July 2021. In order to
Section 206AB and section 206CCA were proposed in the Finance Bill 2021. These sections provide for a higher deduction of
The Finance Ministry has brought a ‘New Taxation Regime’ to simplify the Income Tax Act. There is prevailing confusion as
According to the Income-tax Act, a person engaged in business or profession is needed to maintain regular books of account
Tax planning comes under financial planning. It is difficult to avoid taxes, you can strategies to lower the tax outgo
Chapter VI-A of section 80C clarify about complete information about deductions from Gross Total Income. It is important to note
The Government of India has provided certain exemptions on purchase or construction of house property which are inducted in the
As we are aware that income of Individuals/HUFs are taxable according to the progressive tax slabs. The maximum rate of
The Government has increased the deposit threshold limit to INR 5 lacs per annum in the provident fund for which
Under Income tax law the concept of Revised Return is dealt in section 139(5). Now the question is what is
