Section 194N of the Income Tax Act, 1961 is effective from 1st September 2019. This section was brought into force to discourage cash transactions and promote digital economy by levying Tax Deducted at Source (TDS) on cash Withdrawal from Bank above a certain limit. In this article, we’ll discuss the complete procedure, threshold limits, TDS […]
PPF Withdrawal – Complete Procedure
The Public Provident Fund (PPF) is one of India’s most popular long-term savings-cum-investment instruments; it provides tax-free returns and acts as a safe vehicle for wealth accumulation and retirement planning. You have to repay it with a small interest, and it helps avoid taking outside loans. PPF paying for company for employers are every month […]
Form ADT-1
In the corporate world, statutory compliance is essential to ensure transparency and good governance. One such mandatory filing for companies in India is Form ADT-1, which is used to intimate the appointment or reappointment of an auditor to the Registrar of Companies (RoC). This article explains the purpose, due date, procedure, fees, and frequently asked […]
Form 10E
Many salaried individuals and pensioners in India often find themselves in situations where they receive arrears or advance payments due to delayed salary hikes, retrospective promotions, or pension revisions. These payments can push the taxpayer into a higher tax bracket for that year, increasing their tax liability significantly. To address this, the Income Tax Act […]
Implications For TDS On Real Estate Transactions (Budget 2025)
The Union Budget 2025, unveiled by the Finance Minister, introduced several policy measures aimed at streamlining the tax regime, improving transparency, and promoting compliance. One area that drew notable attention was the real estate sector, especially regarding Tax Deducted at Source (TDS) under Section 194-IA of the Income Tax Act. These changes are significant for […]