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Articles by Saloni Gandhi

Section 206C(1H) - New Provisions and its applicability w.e.f 01.10.2020

Saloni Gandhi 27 January 2021 at 09:51

The Finance Act, 2020 inserted sub-section (1H) u/s 206C w.e.f 01.10.2020 which requires a seller to collect TCS from the buyer for the amount received as consideration for the sale of goods if it exceeds Rs. 50 lakhs in any previous year.

Section 9 : Income deemed to accrue or arise in India

Saloni Gandhi 12 May 2018 at 13:11

Section 9 of Income Tax Act , 1961The Indian Income-tax Act provides for levy of income-tax on the income of foreign companies and non-residents, but only to ..