Income Tax

Penalty under section 271AA

Penalty for failure to keep and maintain information and document in respect of certain transactions Applicability of penalty u/s 271AA Penalty u/s 271AA is applicable for failure to keep, maintain, report, furnish information and document, […]

tds 194Q
Income Tax

TDS 194Q vs. TCS 206C(1H)

TDS 194Q vs. TCS 206C(1H) Difference between Section 194Q and Section 206C(1H) Since both the sections relate to a single transaction, let us analyze the difference between the two along with examples. The main issue/ […]