Nature of Compliance Due Date INCOME TAX Depositing of TDS/TCS for July 2021 07.08.2021 Issue of TDS certificate for tax deducted under section 194-IA, 194-IB and194M in the month of July 2021 14.08.2021 Challan cum statement in respect of tax deducted under section 194-IA, 194-IB, and 194M for the month of July 2021 30.08.2021 […]
Tag: 194N
Five Major Finance Changes effective from 01.07.2020
Restrictions on ATM withdrawals are back The Finance Minister on 24 March, 2020 announced that for three months debit cardholders could withdraw cash from any bank’s ATM free of charge for the next three months. From today on wards, this relaxations has ended and the regular limits and charges will apply. Penalty for non-maintenance of bank […]
New rule for Cash withdrawal Effective From 1st July 2020
Section 194N of Income Tax Act TDS on payment of certain amounts in cash Deductor: Bank, Co-operative bank or a post office Threshold limit: If aggregate payment in cash from one or more accounts during a previous year to an account holder exceeds the threshold limit given below: Time of Payment Threshold limit for payment in cash […]