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In India, income tax is levied on individual taxpayers on the basis of a slab system where different tax rates have been prescribed for different slabs and such tax rates keep increasing with an increase in the income slab. Existing tax regime: There are three...
👉 Government has issued a press note stating that Income tax undisputed refunds up to Rs. 5 lakhs will be released Soon. 👉 Similarly In GST and Customs Refunds will be released soon. Press-release-Pending-RefundsDownload
👉🏻Any person who receives Dividend from any Indian Company/Mutual Funds more than Rs. 5000 in a year from that company/Mutual fund are subject to TDS @10% as per Section 194 with effect from 01-04-2020. 👉🏻To avoid such TDS Share holder/unit holder may submit form...
🔗 Section-197 👉Assessee who has availed No TDS/ Lower TDS certificate in FY 2019-20 will be valid till 30-06-2020 irrespective whether application for FY 2020-21 has been filed or not. Note: Such Application can be made through Online portal💻 or E-Mail📧...
with effect from 01.04.2020 🔗 SECTION 194J 👉 TDS on Technical Services = 2%👉 TDS on Professional Services = 10%👉 Monetary Limit Exceeds - Rs. 30000
with effect from 01.04.2020 🔗 SECTION 194-O 👉🏻Applicable for 📲E-Commerce operator 🛒 for sale of goods or provision of service facilitated by it through its digital or electronic facility or platform @1️⃣% ✳️Exemption:- Individual and HUF Operator - Gross Sales <...