The present article features the TDS provisions contained under section 194J of the Income Tax Act, 1961 relating to the TDS deduction on fees for professional or technical services. Coverage of Section 194J of the Income Tax ActEvery person, except an individual or a HUF, making payment to a...
Do you know that if you have not filed your Income tax returns for three consecutive Financial years and you have withdrawn more than 20 lakh Rupees in the next financial year then TDS @ 2% would be deducted by the Bank?Yes, you heard it right. The new Finance Bill passed by the Lok Sabha […]
Here comes a sigh of relief amidst this outbreak for the individuals who are facing liquidity issues due to pay cuts or waiting for their salaries to be credited in account for the past month. The Income Tax Department has tweeted today dated 8th April 2020,on its official Twitter handle, that...
To boost manufacturing in India and to promote SMEs, Government took this initiative of reduced tax rate for manufacturing Company. Let me give you a complete understanding of to whom it is applicable, how and when. Read the complete article to not miss a single update and a deep understanding....