by CA Chinmay Shirish Agate | May 22, 2021 | SMEs, Taxation, TDS
1. Eligible assessee – Any assesse i.e. Company or non – corporates 2. Quantum of deduction – Deduction @ 15% of the actual cost of the new asset installed. 3. Condition of setting up new undertaking – Assessee should set up an undertaking for...
by CA Chinmay Shirish Agate | May 19, 2020 | SMEs, Taxation, TDS
As per the Finance Bill 2020, the following amendments have been made in TDS Section 194J which will take effect from 1/04/2020. What is TDS Section 194J? Section 194J of the Income Tax Act 1961 contains provisions with respect to TDS deduction on fees for...
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