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Related Posts:
· [Section 194C]-
TDS on Payment to Resident Contractor (i)
Any person responsible for paying any sum to any
resident contractor for carrying out any work (including supply…
· Mode of
Availability of Input Tax Credit (ITC) in Special Circumstances under Section
18 The provisions of section 18 are given below –
1. Fresh GST Registration– The case of fresh registration, covered
by…
· [Section 194H]-
TDS on Commission and Brokerage 1. Who is liable to
deduct TDS : Any person, (other than individual or a Hindu undivided family)
who is…
· [Section 64]-
Clubbing of Income of an Individual with income of Spouse, Minor Child, etc. 1.
[Section 64(1)(ii)]- Remuneration of Spouse from a Concern in which the
Other Spouse has Substantial Interest: In computing…
· Time and Mode of
Payment of TDS to Government Account (A) Time of TDS Payment
(i) Tax Deducted by an office of the Government: (a) on
the same day where…
· TDS from Salary
[Section 192] 1. [Section 192(1)]- Tax to be
Deducted at average of Income-Tax: Any person responsible far paving any income
chargeable under…
· [Section
194-IA]- TDS on transfer of certain Immovable Properties (other than
Agricultural Land) “Immovable property” means any land (other
than agricultural land) or any building or part of a building. (A) Who is…
· Limitation /
Compliance by Assessee , Assessing Authority, etc. Under Income Tax Act, 1961 1.
Advance Tax Advance Tax All assessees other than covered under
section 44AD or 44ADA Section Nature of Compliance by…
· TDS on Rent
[Section 194-I] “Rent” means any payment, by whatever name
called, under any lease, sub-lease, tenancy or any other agreement or
arrangement for…
· Chapter VI of
Central Goods and Services (CGST) Rules, 2017 Chapter VI of
Central Goods and Services (CGST) Rules, 2017 has laid down various rules
relating to— (1) CGST…
· GST Return under
GST Act. A GST Return is a summarised statement furnished by
the tax payer to the tax administrators containing details of specified…
· Person Deducting
TDS to File Statement of TDS [Section 200(3) and Rule 31A(1)] (1)
[Rule 31A(1)]- Forms of Filing Quarterly Statement Every person responsible for
deduction of tax under Chapter XVII-B (other than…
· Services Exempt
from GST Notification No. 12/2017-Central Tax (Rate), dated
28.6.2017 has Exempted following Services from CGST/IGST respectively: SL. No.
Description of Services 1…
· Penalties &
Prosecutions under Income Tax Act. 1. Penalties
under Income Tax Act. The various defaults in respect of which Penalty can be
imposed by the Income…
· [Section 40]-
Amounts Not Deductible for computing Profits & Gains of Business or
Profession Notwithstanding anything contained in sections 30 to
38, the following amounts shall not be deducted in computing the income
chargeable…
· [Section 44AD,
44ADA, 44AE]- Estimated or Presumptive Income method for Computing Business… To
give relief to small taxpayers from the tedious job of maintenance of books of
account and from getting the…
· [Section 23(2),
(3) & (4)]- Computation of Income of a Property which is Self-Occupied for… 1.
[Section 23(2)(a) & (b)]- Where the Annual Value of such House shall be
Nil: Where the property consists of…
· [Section 194N]-
TDS on Payment of certain Amounts in Cash 1. Who is
liable to Deduct TDS Every person, being,— (i) a banking company to which the
Banking Regulation Act,…
· Supply of Goods
or/and Services under CGST/SGST Act. In order to constitute a
'supply', the following elements are required to be satisfied, i.e.— (i)
the activity involves…
· Permanent Account
Number (PAN) [Section 139A and Rule 114] 1.
[Section 139A (1)]- Who has to apply for PAN?: Every person who has not been
allotted a permanent account…