Articles by CA.R.S.KALRA
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TDS Rate Chart applicable for FY 2021-22
Discussing the rate of TDS for FY 2021-22 and AY 2022-23. The TDS rate chart has been updated with all the latest amendments as per the Finance Act 2021.
Cash Restrictions on Charitable Trusts
A charitable or religious institution has substantial source of receipts in form of donations
Cash transactions in agriculture sector
This article explains the applicability of provisions of Section 40A(3),269ST,269SS,Section 194N and Section 269T in respect of Kachha Arahtia and Pacca Arahtia.
Section 194C | TDS on Payment to Contractor
Discussing all about Section 194C of the Income Tax Act, which deals with TDS on Payment to Contractor including its meaning, eligibility, TDS Rate, Non-Applicability and Important Case Laws.
Combined Study of Section 44AB with Section 44AD
Currently, businesses having turnover of more than one crore rupees are required to get their books of accounts audited by an accountant. In order to reduce the...
Disallowance of Tax Deducted at Source
The article throws light on Disallowance of Tax Deducted at Source, together with conditions that you must satisfy in order to be eligible for such disallowance.
Section 206C | Tax Collection at Source
TCS is the tax payable by a seller which he collects from the buyer at the time of sale. Section 206C of the act governs the goods on which the seller has to collect tax from the purchasers.
Section 206CC | Mandatory Requirement of Furnishing PAN
Section 206CC provides that any person whose payments are subject to TCS shall mandatorily furnish his PAN to the collector, failing which, the collector shall collect TCS at the prescribed rate.
Section 206AA | Mandatory Requirement of Furnishing PAN
Section 206AA has been inserted to provide that any person whose receipts are subject to TDS i.e. the deductee, shall mandatorily furnish his PAN to the deductor, failing which the deductor shall deduct TDS at the specified rate.
Section 203A | Tax Deduction and Collection Account Number
Under the provisions of section 203A of the Act, every person deducting tax or collecting tax is required to obtain TAN and quote the same for reporting of tax deduction/collection to the Income-tax Department.
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