Income Tax Articles
Detailed Breakdown of Incomes and Expenses in AIS Reporting
57 types of incomes and expenses to be reported in the Annual Information Statement (AIS) on the Income Tax portal notified by CBDT.
Redevelopment of society: Tax implications
Redevelopment of society means tearing down an existing oneone and building a new one in place of it. it. Simply put, it isa reconstruction a reconstruction of the existing residential and/or commercial structure.
Section 194O | TDS on E-commerce Operator
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.
Section 194O: TDS on Payments made to E-Commerce Participants
According to Section 194O, an e-Commerce operator is required to deduct TDS for facilitating any sale of goods or providing services through an e-Commerce participant. Know more about the section here.
TDS on E-commerce Operator (including Practical Case Studies)
Any person, being an e-commerce operator facilitating the sale of goods or services of an e-commerce participant through its digital or electronic facility or platform is responsible to deduct TDS u/s 194O.
TDS Impact on E-Commerce Transactions
Finance Bill, 2020 proposed to Insert sec 194-O, where E-commerce Operator ("Operator") liable to deduct TDS from payment made to E-commerce participant ("Participant") in respect of sale of goods or services or both facilitated by operator through its digital or electronic platform, at rate of 1%, at time of credit or payment w. e. earlier.
TDS Section 194O | TDS on e-commerce operator
TDS Section 194O | TDS on e-commerce operator
Big reminder from Income Tax department
Income Tax Department has issued reminder for taxpayers and the same has also been shared on X (formerly Twitter).
All About Form 10BD under Income Tax Act
29 May 2024
1077 Views
Finance Act 2021 introduced an amendment where the trusts had to file a statement of donations received in each financial year as per section 80G(5)(viii) and as per section 35(1A)(i).
Political Party Taxation
Let's break down the rules for how political parties are taxed by CG. Basically, if a political party meets four specific conditions, all income earned is tax-free income.
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