As per the Gazette Notification issued on 29.09.2020, the new TDS rates for the period from 14.05.2020 to 31.03.2021. Government of India Directorate General of Works Central Public Works Department No. 158/SE(TAS)/2020/427 Dated: 05/11/2020 OFFICE … [Read more...]
Clarification regarding short deduction of TDS/TCS due to increase in rates of surcharge by Finance (No.2) Act 2019
Further, if the deductor/ collector has deducted/ collected shortfall of tax after 5th of July, 2019 from the transaction(s) made subsequently after the said date, interest, if any, for the delay in deduction/collection of such tax shall not be … [Read more...]
10% of TDS Deduction only on Mutual Fund Dividend
CBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of … [Read more...]