TDS

For information regarding TDS ,please refer here

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Reading Time: 2 minutes TDS 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
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TDS

Reading Time: 2 minutes TDS, 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
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