TDS

For information regarding TDS ,please refer here

|

Reading Time: 2 minutesTDS on Payment of Rent, Under section 194I TDS on rent exceeding Rs.2,40,000/- @ 2% in case of plant and machinery and @10% in case of land or building or furniture or fitting is to be deducted by the person paying the rent except for individual/HUF not liable to audit u/s 44AB (total sales, turnover
Read More

|
TDS

Reading Time: 2 minutesTDS, Central Board of Direct Taxes  clarifies regarding the issue of Prosecution Notices The Central Board of Direct Taxes (CBDT) has stated that certain news items that appeared in a section of media regarding enmasse issue of prosecution notices to small companies for TDS default are completely misleading and full of factual inaccuracies. CBDT clarified
Read More