Screenshot of each steps of how to deposit or pay TDS on Sale or Transfer of Immovable Property under section 194-IA, introduced by Finance Act, 2o13.
Tax Deduction at Source (TDS) on transfer of immovable properties other than agricultural land for consideration exceeding Rs.50 Lakh Finance Act, 2013 brought a new section 194-IA under TDS provisions to levy tax at the rate of 1% on the transfer of an immovable property other than Agricultural Land by any Indian Resident where the sale […]
Get a preventive health check-up done and save on tax too! Section 80D of the Income-Tax Act, talks about the deduction in respect of premium pad towards a health insurance policy for self, spouse, dependent children and parent. The maximum limit of deduction prescribed in the section 80D is Rs.15,000 for insurance premium paid for […]
Software Imported shall be treated as Royalty means no Depreciation. Explanation 4 to section 9 added, retrospectively from 1st June, 1976, by finance act 2012, to clarifies that payment received for transfer of all or any right to use a computer software including granting of a license for computer software is Royalty. Therefore, if a […]