Any payment made to a non-resident or a foreign company is subject to various rules and regulations.
As per provisions of Section 195 of Income-tax Act,1961 any person responsible for paying money to a non-resident...
The Central Board for Direct Taxes (CBDT) vide Notification No. 3 of 2021 dated January 12, 2021, has notified the “Faceless Penalty Scheme” for conducting penalty proceedings under the Income-tax Act, 1961 (Act) in...