Archive for February, 2010

New TDS provision from April 2010

Monday, February 15th, 2010 No Commented
Under: Statutory Matters

For your kind attention, Central Board of Direct Taxes has introduced a new provision on TDS which comes in to effect from 1st April 2010. According to this provision, if you make payment which is subject to deduction of tax at source, such payment is liable to be deducted at the rate of 20% if [...]

Remitting monies abroad ? – You need to know this:

Tuesday, February 9th, 2010 No Commented
Under: Statutory Matters

There are many instances where you might need to send monies out to person residing outside India. The purpose may be towards Consultancy Charges, Professional Charges and so on. In such a situation, there are many things that you will have to understand before wiring the monies out. Precisely, you will have to check whether [...]