The issue was whether External Development Charges paid to a statutory authority attract TDS. The Tribunal held that such payments are subject to section 194C, following binding High Court ...
Income Tax laws mandate disclosing the sale of assets in India by NRIs in the ITR, even if the applicable taxes have been paid through TDS. (Image: Pixabay) When a young Mumbai-based couple bought an ...
Tax Deducted at Source (TDS) is not only for big companies. As per India's Income Tax Act, individuals and small enterprises can also be compelled to deduct and deposit TDS on rent or contract work if ...
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