Introduction – TDS on maintenance charges – Section 194C of Income Tax Act Section 194C provides for TDS to be deducted on payment of maintenance charges. TDS on maintenance charges When a person makes a payment to the contractor on a contract, the person has to deduct TDS on such payment of maintenance charges. Let’s take … Read more
Section 194C of income tax act – TDS rate on Contractor Introduction – Section 194C of Income Tax Act Provision A. Overview of Section 194C of the Income Tax Act, 1961 TDS shall be deducted under section 194C of Income Tax Act, 1961 at 1% or 2% (as the case may be) or payments by … Read more
Key Direct Tax Proposals Budget 2022 The Finance Minister of India has tabled the Finance Bill 2022 before the Parliament today. Some of the key direct tax proposals provided in the Finance Bill 2022 , that may impact you are as under : – Individual taxation :- There has been no change in the tax rates … Read more