ANALYSIS OF ITR-U RETURN FILING AND ITS IMPORTANCE During Budget 2022, Nirmala Sitharaman announced that taxpayers may now file Updated Income Tax returns (ITR-U). The
TAXATION AND LEGAL PROVISIONS ON GRATUITY What is Gratuity? Gratuity’ is a retirement benefit. Gratuity Act, 1972 act provides retirement benefit to the workman
INCOME TAX ADVANCE RULING: MEANING AND PROVISIONS A resident taxpayer may have some taxation issues in respect of a transaction which has been undertaken or
TDS UNDER SECTION 194H- PAYMENT ON COMMISSION OR ON DISCOUNT GIVEN? What is Section 194H? Section 194H is for income tax deducted on any income
CBDT ISSUES GUIDELINES UNDER SECTION 194S(6) Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes(TPL Division) File No. F. No.
CBDT ISSUES NEW GUIDELINES ON TDS UNDER SECTION 194R Union Budget 2022, a new TDS section 194R, has been proposed in the Finance Bill 2022,
CBDT PROVIDES RELAXATION FROM TDS U/S TDS 194I OF IT ACT, 1961 The Central Board of Direct Taxes (CBDT) has provided relaxation from TDS under
SECTION 194IA: PAYMENT ON TRANSFER OF IMMOVABLE PROPERTY Provisions of Section 194-IA: (1) Any person, being a transferee, responsible for paying (other than the person referred
SECTION 285BA- HIGH VALUE TRANSACTIONS & MANDATORY RETURN FILING Statement of Financial Translations or SFT refers to information related to certain high-value transactions which specified
RESTRICTIONS ON CASH LOANS, DEPOSITS & ADVANCES UNDER INCOME TAX No person shall take or accept from any other person (herein referred to as the
