Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
Direct Tax »
  How to prepare for filing of your ITR Income Tax Return for AY 2020-21
  Here s Your Definitive Guide to Various ITR Forms Income tax return forms
 How to find your taxable income? Income Tax calculator
 Here's how to compute your taxable income ITR Filing
  Delhi High Court upholds Power to conduct Service Tax Audit
 CBDT issues revised instructions for filing of ITR-2, 3, 5, 6 & 7 for better clarity
 Covid-19 relief measures for tax filing for AY 2020-21
  How to prepare for filing of your ITR Income Tax Return for AY 2020-21
 How to prepare for filing of your ITR Income Tax Return for AY 2020-21
 Let your tax deduction add to your wallet
 CBDT condones of Delay in the filing of Form 10BB by Trusts and institutions

Clarification in relation to notification issued under clause (v) of proviso to section 194N of the Income-tax Act, 1961 (the Act) prior to its amendment by Finance Act, 2020 (FA, 2020)
July, 30th 2020

Section 194N of the Act as inserted by Finance (No.2) Act 2019 provided for deduction of tax at source on payment made by a banking company, a cooperative society engaged in the business of banking or post office, in cash to a recipient exceeding Rs. I crore in aggregate during a financial year from one or more account maintained by such recipient. Clause (v) of proviso to the said section had empowered the Central Government, in consultation with the Reserve Bank of India (RBI), to exempt by way of notification in Official Gazette, persons or class of persons so that payments made to such persons or class of persons shall not be subjected to TDS under this section. Accordingly, in exercise of the said power, Central Government has issued three notifications which are as under:

For more information

Home | About Us | Terms and Conditions | Contact Us
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting