The Union Budget, 2020 amended Section 194N related to TDS on cash withdrawal from savings/current bank account. As per this amended Section, if an assessee has not filed Income Tax Return (ITR) for the last three financial years, then cash withdrawal from his/her savings or current bank account will attract TDS if the total amount withdrawn in a financial year exceeds Rs 20 lakh / Rs. 1 crore
The Union Budget of 2021-2022 was presented by our Finance Minister Nirmala Sitharaman on February 1, 2021. This budget is one of its own kind as this budget is the …
In order to prevent tax evasion and keep a track record of the persons filing Income Tax Return, the Income Tax Act is amended time and again by the legislature. …
what is TDS? TDS stands for Tax Deducted at Source. Tax Deducted at Source is a direct tax which was introduced with an aim to collect the tax from the …
How to check if employer is depositing your TDS with the government? Read More »