Under Section 196D of the Income Tax Act, TDS is deducted for a Foreign Institutional Investor if the income is in respect of securities referred to in Section 115AD.
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Discussing how taxpayers can distribute their income in case of agricultural income and non-agricultural income according to Rules 7, 7A, 7B and 8 of the Income Tax Rules, 1962.
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Under Section 196C, any income arising by way of interest, dividend, or long term capital gains from foreign currency bonds or GDRs is liable for TDS @ 10%.
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The exemption u/s 54B is available only if capital gain arises on transfer of land used for agricultural purpose is utilized for purchasing another land which will be utilized for the purpose of agriculture.
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Discussing the meaning, rate of TDS, nature of payment etc. of Section 196B which deals with TDS on long term capital gains (LTCG) from units referred to in section 115AB.
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Discussing the meaning, rate of TDS, nature of payment and threshold limit etc. of Section 195 of the Income Tax Act - TDS on Non-Resident Payments.
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Discussing Section 194O of the Income Tax Act, which deals with the TDS on E-commerce Operator including its meaning, rate of TDS, and recent amendments etc.
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In case, due to any reason your ITR is not processed, the concerned authorities may ask you to explain further or correct your mistakes. Discussing four reasons why your ITR hasn't been processed and how you can resolve this issue.
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The Central Board of Direct Taxes has extended various due dates of Assessment and Re-Assessment under the Income Tax Act, together with due dates under the Benami Act.
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Discussing Section 194N of the Income Tax Act, which deals with the TDS on cash withdrawal from banks/post offices, including its meaning, rate of TDS, exemptions etc.
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