Tag: TDS
To help stakeholders who are experiencing problems with TDS under Section 194R(2) on the provision of Benefits/Perquisites, CBDT has released guidelines and frequently asked questions (FAQs). With regard to …
The Finance Act 2022 added a new IT Section 239A, which provides for a refund of tax deducted (TDS) u/s 195 on any income (other than interest income) by …
CBDT has issued further Guidelines/FAQs/clarifications for removal of difficulties in TDS u/s 194S(6) of the Income-tax Act, 1961, relating to payments of consideration for transfer of a virtual digital …
CBDT has issued Circular 13/2022 on Guidelines/FAQs to address issues relating to TDS under Section 194S(6) on payments of consideration for the transfer of a virtual digital asset (VDA) …
CBDT has issued instructions/ circular, which compiles the provisions/ rates applicable u/s 192 for TDS on Salary payments to employees, during FY 2021-22 (AY 2022-23), for guidance of concerned …
CBDT notifies that no TDS u/s 194A is to be deducted by banks in respect of payment of interest of upto Rs. 20 lacs in a previous year, made …
CBDT notifies the Income-tax (26th Amendment) Rules, 2021 to insert new IT Rule 26D regarding furnishing of declaration and evidence of claims by specified senior citizens in new IT …
CBDT clarifies the term ‘Specified Bank’ for the purpose of TDS u/s 194P in the case of Specified Senior Citizens (of age 75 or more having pension/ interest income …
New IT Section 194Q has been inserted by the Finance Act, 2021, which stipulates new provisions relating to TDS @ 0.1% on transaction of purchase of goods aggregating more …
New IT Section 194P relating to TDS in the case of senior citizens aged 75 or more, provides for responsibility of necessary deduction of tax at source by specified …