October 23, 2024CA VineetaIncome Tax News and Articles, Latest Tax Deducted at Source (TDS) News, Taxes in India 42 Minutes Read Here we have provided complete notifications related to the Income Tax and TDS provisions as per the official government laws. We include all the latest updates ...
Let’s look at Form 16 from the employer which shows the details of income and TDS. So in the example of Form 16 below, Income chargeable under the head salaries is 2,313,706 and Form 26AS shows this as the Total amount deducted or credited. Form 16 shows salary and details break up...
The sale proceeds of the assets sold are deducted from the written down value of the block. In case of SLB transaction, assets are sold at higher than written down value, and the gain made on such a sale results in reduction in depreciable value of the block of assets. The reduction in...