Under the Income Tax Act, 1961, Rule for rebate u/s 87A has been inserted and in the Budget Speech, by The Honorable Finance Minister had said that, “Nevertheless, I am
Section 194IA has been introduced in the Income Tax Act, 1961 (ITA) w.e.f. 01.06.2013 which prescribes rules regarding TDS on transfer of immovable properties ( other than agricultural land). A)
No TDS on service tax on payments made/ due to resident payee if service tax component is indicated separately in the agreement/ contract. Supporting decision about NO TDS on service
Many taxpayers are worried about their taxes, refunds, filing of returns ( ITR forms) and the most important aspect is calculation of income tax so that no future correction statements