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Section 194J – TDS on fees on professional or technical services

by CA Chinmay Shirish Agate | May 19, 2020 | SMEs, Taxation, TDS

As per the Finance Bill 2020, the following amendments have been made in TDS Section 194J which will take effect from 1/04/2020. What is TDS Section 194J? Section 194J of the Income Tax Act 1961 contains provisions with respect to TDS deduction on fees for...

How GST would affect the Media and Entertainment Industry

by CA Chinmay Shirish Agate | May 15, 2020 | GST, SMEs, Taxation

GST and its impact on consumers The finance ministry released the recently released draft of goods and sales tax. And, based on the current scheme of affairs, consumers are expected to pay a service charge tax of around 14.5-15% for all broadcast services like...

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