Tag: TDS
CBDT Guidelines on applicability of TDS u/s 194-O(4) and TCS u/s 206C 1-H from 01.10.2020 F. No.370133/22/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) **** Circular No. 17 of 2020 Dated: 29th September, 2020 Sub.: Guidelines under …
CBDT notifies revised Form 15C-Application by banking company/insurer for certificate u/s 195(3) for receipt of interest and other sums without deduction of tax MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 75/2020-Income Tax New Delhi, the 22nd September, 2020 G.S.R. 574(E).- In exercise of the powers …
Due date for furnishing return of Income (ITR) for AY 2019-20 extended to 30.09.2020 Due date for furnishing return AY 2019-20 extended MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 56/2020 New Delhi, the 29th July, 2020 TAXATION AND OTHER LAWS S.O. 2512(E).–In exercise of …
Chart of extended due dates for filing of TDS / TCS returns etc. due to Covid-19 Pandemic Revised Due dates for TDS / TCS compliances Nature of compliance Original Due Date New due dates Filing of TDS/TCS Statement Form 24Q, 26Q, 27Q and 27EQ of Q4 of FY 2019-20 31-05-2020 …
Services of web promotion, social media management held not liable to withholding tax u/s 195 as per the provisions of the DTAA ABCAUS Case Law Citation:ABCAUS 3335 (2020) (07) ITAT Important case law relied upon by the parties:ITO vs. B. A. Research India Pvt. Ltd.ITO vs. Cadila Health …
CBDT amends TDS Rules for furnishing of more particulars in TDS Statements MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 43/2020 New Delhi, the 3rd July, 2020 INCOME-TAX G.S.R. 429(E).—In exercise of the powers conferred by sections 194A, 194J, 194K, …
Chart of reduced TDS / TCS rates for FY 2020-21 from 14.05.2020 to 31.03.2021 Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes New Delhi, 13th May. 2020 Press Release Reduction in rate of TDS deduction at Source (TDS) & Tax Collection at Source …
CBDT Clarifies orders for issuance of certificate for lower deduction/collection of TDS/TCS Clarification on orders dated 31.03.2020 and 03.04.2020 issued under section 119 of the Income Tax Act 1961 (the Act) by CBDT regarding issuance of certificate for lower deduction/collection of TDS/TCS u/s 195, 197 and 206C (9) …
CBDT grants relaxation in applying / processing for issue of certificates for lower rate/nil deduction/collection of TDS or TCS F. No. 275/25/2020-IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes North Block, New Delhi31st March. 2020 Subject: Order u/s 119 of The Income Tax Act, 1961 …
New TDS section 194O introduced to include E-commerce transactions. E-commerce operator to deduct tax for payments to e-commerce participant Union Budget 2020-21 has enlarged the scope of TDS through insertion of a new section 194O to provide for a new levy of TDS at the rate of one …
