TDS on Purchase of Goods

Bombay HC says refund by builder to buyers not liable to TDS under RERA

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Bombay-HC-tells-repayment-by-the-builder-to-purchasers-not-legally-responsible-to-TDS-under-RERA

Recently, the Bombay high court is heading for a builder to repay amounts to flat purchasers based on a March order with no creation deduction of tax at the source. This article helps to demonstrate that Bombay HC says refund by the builder to buyers not liable to TDS under RERA in detail. Further Information … Read more

TDS on Purchase of Goods to be effective from July 2021

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TDS on Purchase of Goods to be effective from July 2021

As we all know, Till now, there are several TDS provisions to cover services related transactions such as professional services, rent, interest, work contract, etc. Now, The Indian Government has introduced a new section 194Q in the Income Tax Act, 1961 vide the Finance Act, 2021. As per Section 194Q w.e.f. July, 1st 2021 where … Read more