Browsing category
On this page, you will find all the articles and popular news which cover the information about the TDS (Tax Deducted at Source), which consists of notification given by the income tax department that where the tax needs to be deducted or which product attracts taxes.
The taxpayers expect a notification from the taxation council about the deduction rates or updates in TDS etc. thus we have all the TDS-related articles and news in one portal.
There are several articles that are kept in the library of the SAG infotech; this library will be favorable for the CA, taxpayer, and for company executives. All the articles were written by the tax professionals and CA so that no mistakes be there in the articles. The materials of news take from the income tax department.
Any individual or a Hindu divided family other than the person referred to the second provision to section 194-I, who is responsible for furnishing to the resident any income through the rent of more than Rs 50000 for a month or a section of the month in the preceding year, then the amount cut is […]
According to clause (a) of sub-section (2) of section 80CCA, TDS (Tax Deducted at Source) is the income tax collected by a person when paying another person for his/her service. TDS is deducted at the time of payment and at the rate of ten per cent. The rule also says that no TDS shall be […]
Coworking office spaces have had an effective rise in past years, but currently, the rate of TDS applied to coworking services is 10% because the coworking firms provide rental services to movable as well as immovables. The TDS rates are required to be lessened so that it will give benefits to their customers in context […]
The ITR furnishing season has comes to an end most of the people are just aware of the amendment along with the correct process. Some employers have not updated the salaried employees about the tax deducted at source (TDS) which is April-June and July to December quarters for FY 2020-21 (Financial Fear 21) in Form […]
The Delhi High Court ordered the Income Tax Authority to pass the benefit of revised TDS rates for the FY 2019-20 and a discount of 25%. The order comes in the case where Manpower Services is the petitioner and has challenged the order passed by the respondent authority following section 197 of the Income Tax […]
In an order released lately, the Income Tax Appellate Tribunal (ITAT) rejected the depreciation claim on Non-Competition Fee. The said claim was filed by the assessee, Fortis Hospitals Ltd., on a recent acquisition of the Wockhardt Group of hospitals under an agreement that included payment of a non-competent fee of Rs. 15.50 crores. The fee […]
The online e-filing aids people and provides comfort in furnishing the TDS returns. The income tax department has managed the TDS as it shows in the online tax account of the taxpayer from whom the tax gets deducted. As the taxpayer, you have the right to take the credit for these TDS during furnishing the […]
The most prominent software in the market which fills TDS easily is Gen TDS; it includes all required specifications that help in furnishing the returns. Furthermore, Gen TDS software is an easier and user-friendly platform that is specially made to file the TCS along with TDS returns beneath the regulations of the TRACES in India. […]
Under Section 194J of the Income Tax Act, the Karnataka High Court ruled that the Third Party Administrator (TPA) is obliged to Tax Deducted at Source (TDS) on amounts given to hospitals. The petitioner is the owner of TTK Healthcare TPA Private Limited is a firm that provides 3rd party services on medical and health […]