section 195 tds


CBEC releases draft GST rules on Assessment and Audit , eWay Bill

CHAPTER ASSESSMENT AND AUDIT 1 Provisional Assessment 1 Every registered person requesting for payment of tax on a provisional basis in accordance with the provisions of sub section 1 of section 60 shall furnish an application in FORM GST ASMT 01 along with the documents in support of his request el

Tax Exemption to Startups

Various tax exemptions have been given to Startups in the recent past Followingdirect tax incentives were provided in Income tax Act 1961 the Act to promote Start ups through Finance Act 2016 Introduction of new section 54EE in Income tax Act 1961 to exempt investmentof long term capital gains by an

Draft of Notification to be issued under third proviso to the clause (38) of section 10 of the IT Act

Draft of Notification to be issued under third proviso to the clause 38 of section 10 of the Income tax Act 1961 In exercise of the powers conferred by third proviso to the clause 38 of section 10 of the Income tax Act 1961 43 of 1961 the Central Government hereby for the purposes of the said provis

Mandatory Quoting of Aadhaar for Return filing not applicable to Non resident

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Section 139AA of the Income tax Act 1961 as introduced by the Finance Act 2017 provides for mandatory quoting of Aadhaar Enrolment ID of Aadhaar application form for filing of return of income and for making

Highlight of the CAG report on Direct Taxes

Highlights The Comptroller and Auditor General of India conducts the audit of Receipts from Direct Taxes of the Union Government under section 16 of the Comptroller Auditor General of India Duties Power and Conditions of Service Act 1971 This Report discusses direct taxes administration audit mandat

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Experts Opinions

Interest on TDS and Indirect Tax

With reference to law or pronouncements please clarify whether Interest on late payment of TDS and ANY Indirect tax covered under disallowance under 40 a ii

Section 44aa - maintenance of books of accounts.

A male assessee who is aged about 77 years and he is Advocate by profession and doing only Chamber works His annual income by way of Advocate Profession is less than Rs 80 000 It is not the constant income which will be earned every year He has income by way of pension which is constant to an extent


Sir there was a mistake in the TDS Return filed We have wrongly mentioned the name of a person instead of another in the tds return so what should we do to correct the mistake so that the right person will get the tax credit instead of the one who has been mentioned in the return Should we revise th

Tds u/s 194h

1 One of My client liable to deduct tds u s 19H i e TDS On Commission I want to know the thresold limit is applicable for payment made to one party or for all party to whom payment is made 2 If payment made partly in may 2016 and partly in march 17 what would be the threshold limit or at which tds d

Very very imp-tds on 1% property

if individual person has bought flat Rs 78 lacs there two seller brother sister and two buyer husband wife as per sales agreement sales agreement made on 2 03 2017 first payment made on 8th march and second payment made on 2 Apr and remaining two installmentl wil be made including housing loan amoun


Section 15 under companies act 2013

what is noting of alteration of MOA in copy of MOA

Meaning of turnover under section 44ab

Dear Experts As per Section 44AB of the Income Tax Act an assessee whose turnover from profits and gains from business or profession exceeds Rs 1 00 00 000 during the Financial Year shall mandatorily get its books of accounts audited under the said section However I am little bit confused regarding

Tds deducted by ecommerce platform under current gst guidelines

I am small business owner sole Proprietor of an ecommerce firm TDS is deducted by the Ecommerce platforms on which I sell Now I am unable to understand how to file tax and returns under the new GST guidelines Previously i used to file my vat under DVATs guidelines quaterly and then used to file for

TDS on salary remittance date

What is the due date for remittance of TDS from Salary for month of March in case of LIC

section 366 chapter XXI

what is the section 366 defines regarding company includes partnership firm co operative society

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Quick glance at new sections inserted in IT Act 1961

NEW SECTIONS INSERTED IN INCOME TAX ACT 1961 Section W E F Definition Explanation 50 CA 01 04 2018 Where The Consideration Received Or Accruing As A Result Of The Transfer By An Assessee Of A Capital Asset Being Share Of A Company Other Than A Quoted Share Is Less Than The Fair Market Value Of Such

TDS defaults when amount is payable to a Resident

In my earlier article I have made a discussion about the disallowance when the amount is payable to a non resident foreign company but TDS is not deducted by the payer Section 40 a ia deals with the situation when the amount is payable to a resident Herein also we will discuss the complete scenario

TDS default on payment to Non Resident

DISALLOWANCE U S 40 a i of the Income Tax Act 1961 TDS DEFAULT ON PAYMENT OF ANY NATURE OTHER THAN SALARY TO A NON RESIDENT FOREIGN COMPANY In this article I am going to have a discussion on Section 40 a i of the Income Tax Act 1961 Which deals with disallowance of certain business expenditure in ca

A big gain in Section 45(2) of Capital Gain

All cases related to conversion of capital asset into stock in trade are dealt by Sec 45 2 of Income Tax Act 1961 at any point of time Whenever a capital asset whether short term or long term is converted into stock in trade by an assessee it is deemed as transfer of capital asset and attracts capit

Compounding of offences - Where no specific penalty prescribed under the section

SHORT SUMMARY Under the relevant provisions of the Companies Act 2013 offences committed under the Act entail penal consequences by way of fine or imprisonment or both In this editorial the author begins by referring the provisions of Section 441 of the Companies Act 2013 and also makes an attempt t

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Updated on : 4/25/2017 1:59:32 PM

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