Tag: Power Trading

New TCS, TDS Rules Not For Insurance Agents, Power Trading
New TCS, TDS Rules Not For Insurance Agents, Power Trading

New Delhi: The government has exempted power trading transactions from the purview of tax deducted at source (TDS) and tax collected at source (TCS) to prevent practical difficulties in implementing the levy from affecting functioning of the exchanges. The Finance Act, 2020 inserted new section 194-0 in the Income Tax Act 1961 which mandated that […]

  • Sunday, 11 April 2021
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