Last year, CBDT, by way of Circular No 20-2020, released on 03.12.2020, has provides some clarification for the “...
Continue Reading The concept of TDS came into existence to collect Tax from the non-exempted source of income. As per TDS, an indivi...
Continue Reading The tax deduction at source (aka TDS) has been rather beneficial in tax collections in the country by covering the...
Continue Reading TRACES registration is compulsory for the taxpayer to file a correction statement. It enables the taxpayer to file...
Continue Reading
A new TDS section 194O was unveiled in the Union Budget 2020. E-commerce has become the primary choice for traders...
Continue Reading
Every assesses whose has to deduct TDS requires filing TDS return. These returns must be filed after particular int...
Continue Reading There are various provision under Income Tax Act that provide liberty for paying tax after the due date , however t...
Continue Reading The individuals who have made financial declarations at a start of the year, which are less than the proof of inves...
Continue Reading Section 194M exhibits about taxing high valued transactions that occur at a personal level introduced by the govern...
Continue Reading In year 2004, a manual process of collection of taxes was replaced by an OLTAS (Online Tax Accounting System). It w...
Continue Reading Tax Deducted at Source forms a major part of direct taxation mechanism applicable to various heads of an income to...
Continue Reading Taxes must be deducted at the rates specified in the relevant provisions of Income Act or First Schedule to the Fin...
Continue Reading Every individual who is earning taxable income is needed to file ITR to report their tax obligations and income. Ho...
Continue Reading The intent of introducing TDS was to collect tax from the very source of income. According to this mechanism, the p...
Continue Reading
