Now pay TDS on Online Gaming
Online poker, rummy and other online games offering real money are seeing real-time growth in the last few years. The online gaming industry witnessed massive growth in the last 10… Read more »
Monthly Archives: May 2023
TDS Applicability U/S 194Q On Purchased Goods
In the Finance Act of 2021, the Indian government inserted Section 194Q. The Indian government’s intention behind enacting this law was to generate a trail of high-value purchases and sales… Read more »
New FVUs Version 8.1 & 2.177 released by NSDL on 4th May, 2023
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released by the Income Tax Department. The key features of this FVU is summarized as under: FVU Version 8.1… Read more »
TDS / TCS at Higher Rates for Non-filers of Income Tax Return
Note: Effective FY: 2025-26, as per the Union Budget, removal of Higher TDS/TCS Rates for Non-Filers [Section: 206AB & 206CCA]. The government of India has been implementing measures to curb… Read more »