CAclubindia Articles

Section 194H: TDS on Commission and brokerage

Mitali 31 January 2023 at 11:52

Section 194H of the Income Tax Act governs the taxation of commission or brokerage. According to this section, any person responsible for paying to any income by way of commission or brokerage shall deduct tax at source of such income.

A Brief about Foreign Direct Investment in India

Gaurav Keswani 31 January 2023 at 08:56

Foreign Investment in India is governed by the FDI policy announced by the Government of India and the provisions of the Foreign Exchange Management Act (FEMA) 1999.

Expectations From Budget 2023

Poojitha Raam Vinay 30 January 2023 at 14:11

This year, the budget is likely to be growth-oriented with a focus on capex, manufacturing, infrastructure, and rural economy. This budget is also the last full budget of the Government before the General elections in 2024.

Section 194Q of the IT Act, 1961

Aisha 30 January 2023 at 13:03

Section 194Q of the Income Tax Act, 1961 is a provision that deals with Tax Deducted at Source (TDS) on the purchase of goods.

Treatment of income from house property in hands of salaried personals

FCS Deepak Pratap Singh 30 January 2023 at 11:40

As you are aware that, the period of Jan-March is a period in which we salaried personal are in tremendous stress to save our taxes and the instruments in which we have to invest to save taxes.

Whether GST officers have power to seize cash during search operations?

Knowledge ki Pathshala 30 January 2023 at 09:36

In this article we will discuss whether GST officer have power to seize cash during search operation or not?

Statutory Tax Compliance Tracker - February 2023

CS Lalit Rajput 30 January 2023 at 08:56

Tax Compliance Tracker for the month of February 2023

Rule 37 : Reversal of ITC on non-payment to vendors within 180 days

CA Roopa Nayak 30 January 2023 at 08:48

In this article, the author has examined the non-payment to vendor within 180 days of invoice date and the implications thereof to assessee.

Section 194J: Fees for professional or technical services

Chetan Chauhan 28 January 2023 at 16:42

Section 194J of the Income Tax Act pertains to the TDS on fees for professional or technical services. According to this section, any person, including an individual or a company, who is responsible for paying to any sum as fees for professional or technical services, is required to deduct TDS.

An Overview on: Annual Information Statement (AIS)

CA Ruby Bansal 28 January 2023 at 12:26

The Annual Information Statement (AIS) in Form 26AS is a comprehensive view of information for a taxpayer that includes details of tax credits received from various deductors/collectors, tax payments made by the taxpayer, and any tax refund received by the taxpayer.