Sign in or create an account.TDS on purchase of goods under Section 194QSection 194Q of the Income Tax Act is recently introduced vide the Finance Act, 2021. Under section 194Q “It is provided for TDS by the person responsible for paying any sum to any resident for ...
6/2018 F No Pro DGIT S CPC TDS Notification 2018 19 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income tax Systems New Delhi N
INCOME-TAX ACT (FIRST AMENDMENT) RULES, 2009 – IN SECTION OF RULE 40EAEJAZ AHMEDEmail thisPrint this
Tax deducted at source (TDS) is applicable on a variety of transactions in India, including sale of property.TDS on sale of property is applicable under Section 194-IA of the income tax law. However, buyers and sellers need not worry about TDS implications at all if the property value is ...
Section 192 of Income-Tax Act, 1961 deals with the Tax deducted at source from salary. TDS deducted from the salary will be ultimately reflected in your Form 16. Recently the government gave it a final nod to the proposed amendment under section 192 of Income-Tax Act, 1961 pertaining to...
Section 13(7.1) of the Income Tax Act requires, generally speaking, that a taxpayer reduce the capital cost of a fixed asset by the amount of government assistance received by the taxpayer with respect to the asset. In two recent ... Parsons,B Robert - 《Journal of Canadian Petroleum Techn...
Federal Income Tax-Internal Revenue Code, Section 102-The Gift Exclusion-Divergence between the Tax and District Courts in Their Treatment of Similar Factu... Federal Income Tax-Internal Revenue Code, Section 102-The Gift Exclusion-Divergence between the Tax and District Courts in Their Treatment ...
Union Budget 2025: New Tax Regime Slab Rates What is the Provision Related to Section 87A of the Income Tax Act? Recalling history in a hurry, Section 87A was inserted in the Finance Act 2003 which has changed from time to time. The present law on rebate of tax entitles a tax rebate...
(5) Special period of limitation with respect to self-employment tax in certain cases. If the claim for credit or refund relates to an overpayment of the tax imposed by chapter 2 (relating to the tax on self-employment income) attributable to an agreement, or modification of an agreement, ...
Depreciation recapture occurs when there is a difference between the sale price of an asset and the tax basis or adjusted cost basis. The difference in these two amounts is recaptured by reporting the difference as ordinary income. The Bottom Line ...