by CA Chinmay Shirish Agate | Jun 20, 2022 | Taxation, TDS
Today you need to file your income tax returns attentively and on time if you are a citizen of India with a source of income. The consequences of failing to file your taxes might be severe. Your income will be impacted if you do not file your tax returns. The majority...
by CA Chinmay Shirish Agate | May 23, 2021 | SMEs, Taxation, TDS
The fast growing global industry today is in the constant need of a software which can keep a track of the continuous changing laws and statutes which governs it. It is always beneficial to have a strong software working at the back office acting like a law manual as...
by CA Chinmay Shirish Agate | May 23, 2021 | SMEs, Taxation, TDS
1. Any person, being an individual or a Hindu Undivided Family, responsible for paying to a resident any income by way of rent exceeding 50,000 for a month or part of a month during the previous year, shall deduct an amount equal to 5% of such income as...
by CA Chinmay Shirish Agate | May 23, 2021 | SMEs, Taxation, TDS
1.Deductor- Any person, [other than individual or HUF (not liable to tax audit in the preceding Financial year)]2. Deductee- Any Resident3. Time of Deduction- At the time of credit or payment, whichever is earlier.4. Rate of TDS- -For use of Plant &...
by CA Chinmay Shirish Agate | May 23, 2021 | SMEs, Taxation, TDS
1.Deductor- Any Purchaser (Other than person referred to in section 194LA)2. Deductee- Any seller being resident3. Time of deduction- At the time of credit or payment, whichever is earlier4. Rate of TDS- 1% of the total considerations for transfer...
by CA Chinmay Shirish Agate | May 22, 2021 | SMEs, Taxation, TDS
1. Any person, being an individual or a Hindu Undivided Family, responsible for paying any sum to a resident, for carrying out any work under any contract or by way of fees for professional services rendered during the financial year.2. Provided that no such deduction...
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