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From Sept 1, individuals must deduct TDS on payments to contractors

Wednesday, August 28, 2019, 11:19 AM

From Sept 1, individuals must deduct TDS on payments to contractors

From September 1, 2019, an individual or HUF paying any sum to a contractor or a professional or commission or brokerage more than Rs 50 lakh in a financial year would be required to deduct tax at source (TDS) at the time of credit of such sum or at the time of payment of such sum; whichever is earlier.

News

 
Nitin Gadkari declares assets worth Rs 25.12 crore in poll affidavit

Tuesday, March 26, 2019, 12:25 PM

Nitin Gadkari declares assets worth Rs 25.12 crore in poll affidavit

Union Minister Nitin Gadkari has declared movable and immovable assets worth Rs.25.12-crore in an affidavit filed along with his nomination papers for the Nagpur parliamentary constituency. Gadkari filed his papers for the Nagpur LS seat on Monday. Polling in the constituency will be held on April-11. As per his tax return forms, his total income stood at Rs.2,66,390 in 2013-14 and Rs.6,40,700 in 2017-18.

Article

 

31 December 2018, Monday

Procedure To Claim Mutual Fund Money Upon Death Of An Investor

Mutual fund is the most popular way of investment and wealth creation. The mutual fund market has it ...

Article

 

11 December 2018, Tuesday

Tax Benefit For Home Loan

Tax Benefits on Home Loan: Home loans are lot of money borrowed for a long period of time. There are certain tax exemptions/benefits that can be av ...

Article

 

08 October 2018, Monday

HUF - Hindu Undivided Family Act And Its Tax Benefits

Hindu Undivided Family (HUF) consists of all persons who have descended from a common ancestor. In o ...

Article

 

10 August 2018, Friday

How To Calculate Income Tax For Salaried Person?

It’s tax season. Right at the top of a salaried person’s to-do list is, How to save taxes? In this World, there’s nothing certain, b ...

Article

 

04 July 2018, Wednesday

Income Tax Return Filing And Eligibility

An income tax return is a declaration of your income from all sources. It also mentions the taxes due after allowing eligible tax deductions and exemp ...

Article

 

28 June 2018, Thursday

Types Of ITR Forms - Which ITR Form to File Tax Returns?

July 31st is fast approaching. It’s the season to file your income tax returns (ITR). Now ther ...

Article

 

27 June 2018, Wednesday

Savings Schemes In Post Office

Post office saving schemes are issued and managed by the Government of India. These schemes are beneficial for both and tax-savings. If you are intere ...

Article

 

14 May 2018, Monday

12 Things To Know Before Opening PPF

Despite a number of investment avenues, Public Provident Fund remains the most popular and sought-after investment for the common man and risk-averse ...

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