Income Tax

INCOME TAX: TDS on Purchase of Goods under Section 194Q

Finance Act 2021 has introduce a new section in TDS chapter 194Q TDS on Purchase of Goods, with effected from 1st July 2021. Section 194Q TDS on Purchase of goods Provision:- A Person (Buyer) liable to deduct TDS if:- His Sale / Gross Receipts / Turnover during last year exceed Rs.10 Crores and Purchase goods of...


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Income Tax: CBDT issued notification dated 08.06.2021 for TDS rules and Form

CBDT notifies Income-tax (17th Amendment) Rules, 2021 and shall come into force from the date 08.06.2021 As per the amendment Every person responsible for deduction of tax under Chapter XVII-B at the time of preparing statements of tax deducted shall, ‘(x) furnish particulars of amount paid or credited on which tax was not deducted or deducted...


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31 May 2021 last Date for filing Belated Income Tax Return for year Ending 31 March 2020

CA Hemraj Singh Rao Adv/CS Jeetam Saini  About Author - CA Hemraj Singh Rao is practicing Chartered Accountant and deals in Direct and Indirect Tax and may be contacted at +91- 91192 90892 and Adv/CS Jeetam Saini is practicing advocate and Company Secretary - +91-9785949998   इनकम टैक्स रिटर्न AY 2020-21: ITR की आखिरी तारीख 31st मई 2021, जरूरी...


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