Discussing all the Direct Tax Notifications and Circulars issued by the Central Board of Direct Taxes, in the month of January 2021.
Discussing Section 194LA of the Income Tax Act which deals with TDS on Payments of Compensation on Acquisition of certain Immovable Property including its meaning, rate of TDS, and eligibility etc.
Highlights of Union Budget w.r.t Taxation
'Your refund has failed, please raise a Refund Reissue Request', if you get this kind of email or sms after receiving ITR Processing Intimation u/s 143(1) then you need to follow just 2 simple steps to get you Income Tax refund.
The new section 206AB and 206CCA are proposed to be inserted in the Income Tax Act, 1961 by the Finance Bill, 2021 which provides for a higher rate of TDS/TCS to be applied if the transactions are done with the non-filers of the Income Tax Return.
In this communication, we are going to touch base an important change in the Tax Law that is proposed by the Budget and going to impact drastically every business operating in India.
Section 194P - Conditional Relaxation for a senior citizen who is the age of 75 years or more from filing return of Income Tax under Union Finance Bill 2021/Budget 2021.
Discussing Section 194K of the Income Tax Act, which deals with the TDS on Income in Respect of Units of Mutual Fund, including its meaning, liability to deduct TDS, threshold limit, rate of TDS, and Non-Applicability etc.
Discussing Section 194J of the Income Tax Act, which deals with the TDS on Professional or Technical Fees, including its meaning, threshold limit, rate of TDS, etc.
Analysis of Section 194Q of the Income Tax Act, which will deal with the TDS on purchase of goods w.e.f 1st July 2021. This section has been inserted in the Finance Bill 2021.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
