Saturday, 27 May 2023 / Published in Income Tax

CBDT ISSUED GUIDELINES FOR DEDUCTION OF TDS U/S 194R OF THE INCOME TAX ACT, 1961

The Central Board of Direct Taxes (CBDT) vide its Circular No 12 of 2022 dated 16th June 2022 issues the guidelines for the removal of difficulties under section 194R (2) of the Income Tax Act 1961. Finance Act 2022 inserted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 01st July
Saturday, 27 May 2023 / Published in Income Tax

CBDT issues guidelines for deduction of tax u/s 194S on transfer of virtual digital assets

The Central Board of Direct Taxes (CBDT) vide its Circular No 13 of 2022 dated 22nd June 2022 issues the guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961. The Central Government vide Finance Act 2022 in the Budget 2022 inserted a new section 194S in the Income-tax Act, 1961 with effect