Understanding Section 194Q of Income Tax: A Simple Guide for Businesses To ensure tax collection at the source of income, the government introduced Section 194Q in the Finance Act, 2021. This section mandates TDS on the purchase of goods and has been effective since July 1, 2021. Understanding Section 194Q is essential for businesses to … Read more
Tax Compliance Calendar for the Month of August 2022 In this article, we have prepared a Tax Compliance Calendar for August 2022 related to GST, TDS, TCS, PF & ESI Compliance. We have listed important statutory compliances with their Dues Dates. We all know that every Business concern whether it is LLP, Private Limited Company, or OPC needs to comply with the applicable … Read more
Section 194R-TDS on benefits and perquisites provided Quick guide on Section 194R – TDS on benefits and Perquisites provided. How Section 194R is going to affect practicing doctors and Social media influencers. A new TDS section 194R introduced in the Budget, 2022 shall be applicable from 1st July 2022. It requires the deduction of 10% … Read more
Tax on Cryptocurrency Transactions – 5 Key Points Hello Guys, Tax on Cryptocurrency in India is here. As we all know, before the budget, there was a lot of discussion about cryptocurrency. There was a lot of concern about the future of Cryptocurrency in India. People were worried about – what decision the Indian government … Read more
TDS Return Due Date: A Comprehensive Guide This article serves as a complete guide on TDS return due dates, the filing process, and the consequences of non-filing. It provides detailed insights into the required documents, different TDS forms, penalties for late filing, and best practices for compliance. The concept of TDS was introduced to collect … Read more
Your Guide to TDS Payment Due Date for FY 2024-25 Dear taxpayer here’s your go-to guide to ensure compliance with TDS payment due dates for the financial year 2024-25. This guide aims to provide clarity and simplify the process of meeting these deadlines, ultimately helping individuals stay organized and avoid any fines or penalties for … Read more
TDS Rate Chart for the Financial Year 2024-25 (AY 2025-26) Dear reader, in this post we are going to discuss the TDS Rate Chart applicable for the Financial Year 2024-25 & A.Y 2025-26. But, before we discuss the TDS Rate Chart, we should know – What is TDS?, Who is responsible for deducting TDS, What … Read more