Services provided by the Reserve Bank of India is exempt from GST. However, services provided to RBI by other banks will be taxable as they are not covered under any exemption
Impact of GST on Banks and Financial institutions Read More »
Section 194M contains provisions relating to TDS on payments made by individuals or HUF in pursuance of a contract or by way of commission or brokerage or by way of fees for professional services during the Financial Year.
FAQ’s on TDS under section 194M Read More »
Any person who transports goods on behalf of any person and issues a consignment note is called a Goods Transport Agency.
Impact of GST on services of transportation of goods Read More »
The existence of an employer-employee relationship is mandatory for deduction of tax under Section 192
FAQ’s on TDS under Section 192 Read More »
In order to make air travel affordable, the central government has started a new scheme wherein it will establish airports in various cities under the regional connectivity airport scheme. The ticket rates are capped at Rs. 2,500 per hour of flight.
Impact of GST on Passenger Transportation Services Read More »
Section 192A of the Income Tax Act contains provisions relating to TDS on premature withdrawal of accumulated funds in the employee provident fund account.
FAQ’s on TDS under section 192A Read More »
Section 194DA contains provisions relating to TDS on maturity amount paid under a life insurance policy.
FAQ’s on TDS under section 194DA Read More »
Registration is not required for an agriculturist who is engaged in the supply of produce out of cultivation of land.
FAQ’ on the impact of GST on Agriculture Read More »
Section 194G contains provisions relating to TDS on payment of lottery commission, remuneration or prize.
FAQ’s on TDS under section 194G Read More »
Any person responsible for paying commission for soliciting insurance business should deduct tax under section 194D (includes commission on new, continuance, renewal or revival of insurance policies).
FAQ’s on TDS under section 194D Read More »
