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It seeks deduction of tax at source on payment of rent exceeding Rs. 50,000 in a month by an individual or HUF to a resident landlord. TDS shall be deducted @ 5% at the time of credit of rent for the last month of the previous year or the last month of the tenancy if the property is vacated during the year, as the case may be.
In India, a Tax Deduction and Collection Account Number (TAN) is a 10 digit alpha-numeric number issued by the Income Tax Department to the persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.
This new law on TDS on cash withdrawal has come into effect from July 1, 2020. As per the provisions of section 194N of Income Tax Act, if a person withdraws more than 1 Crore from the specific payers , then the payers will deduct TDS on such transaction and deposit it.
(The Center Square) – Beginning Jan. 1, offenders who go through the Adult Redeploy Illinois program will now be called “justice impacted individuals.” House Bill 4409 sparked spirited ...
How To Make My Millionaire Crackers. For about 38 crackers, you’ll need: 1 sleeve Club (or similar) crackers, about 38 crackers. 2 ounces cream cheese or Boursin cheese, room temperature
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Nebraska (3-3, 1-2 Big Ten Conference) stopped Illinois twice inside the Huskers’ 1 on the Illini’s first drive of the game, as Luke Altmyer and Reggie Love III 2 TDs in 10 seconds lifts ...
Form 3CD is a format of the Audit Report required to be filed by tax auditors of a certain section of Assessees in India. The Income Tax Department of India clearly lays down the rules associated with the use of this form. Form 3CD is a Form in accordance with Rule 6G(2) and Section 44AB of the Indian Income Tax Act, 1961. The Form is a part of ...
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