TDS regime under GST takes off from 1st October 2018: Government procurements alone targeted for the time being
The TDS rate is 2 percent on the value of goods or services supplied ignoring GST. And there is an exemption from TDS requirement for the value of contract not exceeding Rs 2,50,000
New ITR forms: Sahaj becomes burdensome for the salaried class; duplication and paperwork plague processes
Instead of unproductively gathering information from employees and matching them, the CBDT must use its powers to go after tax evaders.
The taxman tracks high value spenders through its electronic data mining tools and it keeps track of each such transaction till the appropriate taxes are paid in this regard.
Sale of locally-made software in the country will no more be subject to tax cuts at various levels, assured the ...