Income Tax Articles

TDS Refund: How to claim TDS Refund?

Posted by Aishna Kukreja 17 April 2020 10069 Views

TDS Refund can be claimed when TDS paid by an assessee in a Financial Year is greater than TDS calculated in a Financial Year.

TCS on Sale of Overseas Tour Package

Posted by Harshit Panjwani 17 April 2020 125821 Views

TCS on Sale of Overseas Tour Package was proposed in Budget 2020. As per TCS provision on sale of overseas tour package. every Seller of an Overseas Tour Programme Package is required to Collect Tax from the Buyer of such Overseas Tour Programme Package.

Section 206(1H): Applicability of TCS on Export & Import of goods

Posted by Divyang 16 April 2020 22170 Views

Section 206(1h) - Applicability of TCS on Export & Import of goods as per Finance Act, 2020 and Applicable Date Clarity

Role of commerce management during lockdown

Posted by CMA SIVAKUMAR A,ACMA. 15 April 2020 4936 Views

Commerce and Management faces unprecedented setbacks due to the COVID-19.

Re-Run of the Classical System of Taxing Dividends in the hands of Recipients, like the Re-Run of "Ramayana"

Posted by Mayank Mohanka 13 April 2020 6867 Views

The Finance Act 2020 has re-introduced the classical system of taxing dividend income in the hands of recipient shareholders at their respective applicable slab rates and the domestic companies or mutual funds are not required to pay any DDT on such dividend income, w.e.f. AY 2021-22, i.e. w.e.f. 1.4.2020.

TDS Certificates for nil/low TDS rates valid till 30.06.2020

Posted by Dinesh Singh 13 April 2020 3716 Views

Clarification issued by CBDT regarding the validity of TDS certificates for lower or nil TDS rates.Nil or Lower TDS/TCS certificate issued for a particular period in FY 2019-20 also valid till June 30, 2020.

TDS Section 194J of the Income Tax Act

Posted by Dinesh Singh 11 April 2020 75436 Views

As per the amendment to TDS section 194J of the Income-tax Act, 1961 TDS on technical services will be charged at 2%.TDS Section 194J deals with provisions related to fees on professional and technical services.

New era of taxation for charitable trusts

Posted by Deepak Jain 10 April 2020 7440 Views

This year the Taxman has come with a substantial overhaul having regard to the taxation of the Trusts, Societies, NGOs etc. i.e. Charitable Trusts including edu...

Due date to deposit TDS

Posted by Vaishali Dhek 09 April 2020 45187 Views

The due date to deposit TDS and file TDS Return is 7th of the succeeding month and last day of the month succeeding the quarter.

New equalisation levy & TDS on e-commerce transactions

Posted by Mayank Mohanka 08 April 2020 6220 Views

Equalisation Levy will now be extended to an e-commerce operator on e-commerce supply and services undertaken on or after 1 April, 2020. The scope of equalisation levy was extended to E-commerce operator in Finanace Act 2020.