Post by: Arnold Thomas in Income Tax
Section 194M - TDS The 2019 budget has proposed a new Section 194M in TDS, to deduct tax for the services availed from resident contractors or professionals by an individual or HUF. Section 194M will take effect from 1st September 2019.…
Post by: Sreeram Viswanath in Compliance Income Tax
New Form 16 Format The Central Board of Direct Taxes (CBDT) has notified a new format for Form 16. The new format shall be effective commencing from May 12, 2019. The new Form 16 prompts for further details and places…
Post by: Bennisha in Income Tax
Form 27EQ - TCS Return Form 27EQ contains all details pertaining to tax that is collected at source. According to Section 206C of the Income Tax Act 1961, this form must be filed every quarter. The form has to be…
Post by: Bennisha in Income Tax
TDS Form 24Q - TDS Return for Salary Payment According to Section 192 of the Income Tax Act 1961, an employer deducts TDS while paying salary to an employee. An employer has to file salary TDS return in Form 24Q, which has…
