Tag: TDS rate

Finance Act, 2024 has made various changes under the Income tax act especially in TDS provision which shall be applicable ...

Although in the circular they have mentioned that higher TDS shall not be charged, however no resolution has been provided ...

Thus, considering the above grievance, CBDT has modified the above circular to provide relaxation and state that in case where ...

This section is only applicable where seller is a resident, if seller is non-resident TDS needs to be deducted u/s ...

fees charged by the seller-side ECO (Rs 3 charged to the seller) and buyer-side ECO (Rs 1 charged to the ...

As per the above points it was mentioned that TDS/ TCS needs to be deducted/ collected at higher rates. This ...

The lessee shall,- (i) not deduct tax on payment made or credited to lessor after the date of receipt of ...

Section 194-IA deals with the deduction of tax in case of purchase of property where the amount of consideration exceeds ...

However, this tax rate has now been increased to 20%+surcharge+cess which is double than what it was before. This amendment ...

employer, shall seek information from each of its employees having income under section 192 of the Act regarding their intended ...

It is clarified that this Circular is only for removing implementation of provisions of section 194R of the Act and ...

TDS form for virtual digital asset exchange for deducting TDS (Notification No. 73/2022) Dt. 30.06.2022 CBDT has release Form 26QF ...

According to the proviso to sub-section (1) of section 194S of the Act, there could be a situation where the ...

Section 194S: Payment on transfer of virtual digital asset: Any person responsible for paying to any resident any sum by ...

It is not necessary for the payer/deductor to check the taxability of the sum in the hands of the payee ...