The Dividend Distribution Tax paid by Companies has been abolished in the Finance Bill 2020 and dividend income shall be taxable in the hands of investors now. Sec 194K was re- introduced for deduction of tax on income in respect of units of Mutual Funds. Deductor- Any person who is responsible for paying dividend in…
The Dividend Distribution Tax paid by Companies has been abolished in the Finance Bill 2020 and dividend income shall be taxable in the hands of investors now. Sec 194K was re- introduced for deduction of tax on income in respect of units of Mutual Funds. Deductor- Any person who is responsible for paying dividend in…
A long awaited clarification regarding tds on payment of service tax on rent u/s 194-I has been Issued by the CBDT. Details about the issue is given here under: Brief about section 194-I Rent is to be deducted by all person on payment of rent except huf and individual who’s sales is less than limit…