PPT: TDS on Virtual Digital Assets u/s 194S (AY 2025-26)
CA Nitin Bhuta Mumbai presented a PPT on TDS on Virtual Digital Assets u/s 194S for AY 2025-26.
Tag: Sec. 194S of IT
Order u/s 119 of the Income-tax Act, 1961 in relation to TDS u/s 194S of the Act for transactions other than those taking place on or through an Exchange
Finance Act, 2022 inserted a new section 194S in the Act with effect from July 01, 2022. The new section mandates a person, who is responsible for paying to any resident any sum by way of consideration for transfer of…
Guidelines for removal of difficulties under Sec. 194S of the Income Tax Act, 1961
The CBDT vide Circular No. 13 of 2022 dated June 22, 2022 has issued guidelines to remove difficulties w.r.t. Section 194S of the Income-tax Act, 1961 (“the IT Act”) w.e.f. July 01, 2022 that mandates tax deduction @1% on transfer of Virtual…
Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961
CBDT has published Circular No. 13 of 2022 dated June 22, 2022 vide which a new Section 194S is inserted in the Income-tax Act, 1961 with effect from 1st July 2022. The new section mandates a person, who is responsible for paying…