CAclubindia Articles

New TDS Rules to affect Social Media Influencers and Doctors

27 June 2022 15704 Views

The new TDS section 194R introduced in the Budget, 2022 shall be applicable from 1st July, 2022, requiring a deduction of 10% by any person (resident or non-resident) who provides benefit or perquisite to a resident person in a year exceeding Rs 20,000 shall be liable for TDS under section 194R.

Roadmap / Blueprint of External Commercial Borrowings- ECBs

Posted by Affluence Advisory 25 June 2022 4089 Views

Globalization has paved way for international financing which helps the organization to engage in cross-border transactions with foreign business partners, such as customers, investors, suppliers, and lenders. Indian companies have an option to mobilize funds through ECB mode from the foreign market to have optimum capital structure.

Section 194R: Tax Deducted at Source on benefits or Perquisites

Posted by Shailesh Prajapati 25 June 2022 9589 Views

The new section mandates a person, who is responsible for providing any benefit or perquisite to a resident, to deduct tax at source @10% of the value or aggregate of value of such benefit or perquisite, before providing such benefit or perquisite.

Income Tax: CBDT issued fresh guidelines under section 194S(6)

Posted by CS Lalit Rajput 25 June 2022 6540 Views

Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes(TPL Division) File No. F. No. 370142/29/2022-TPL (Part-I) vide Income Tax Circular No. 13 of 2022 dated 22nd June, 2022 has released "Circular regarding Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961".

Analysis of provisions of Section 50D of IT Act 1961

Posted by FCS Deepak Pratap Singh 25 June 2022 5908 Views

There are various Advance Rulings relating to specific situations of "Transfer" of "Capital Assets". The provisions of Section 50D has been introduced to nullify above Advance Rulings.