Who & How to Claim Refund of TDS u/s 194-IA if Contract to Sell Cancelled !

Who & How to Claim Refund of TDS u/s 194-IA if Contract to Sell Cancelled !
Section 194-IA of the Income Tax Act , as you know casts a responsibility on the Buyer of the property for deduction of tax @ 1 % at the time at the time of credit of consideration to the account of the transferor or at the time of payment of such sum in cash or by issue of a cheque or draft or by any other mode, whichever is earlier. Readers will recall that recently one video post was

No TDS on Advertisement Payment to Facebook, Google , Yahoo ! Here are the Reasons

No TDS on Advertisement Payment to Facebook, Google , Yahoo ! Here are the Reasons
Whether TDS on advertisement payment to Google , Facebook or Yahoo or Buysellads.com etc  required under section 195 of the Income Tax Act is a question paramount on minds of all online marketeres and other businesss who regularly advertise their products on google search engine or through facebook ads. One of the most fundamental reasons for ( which was also explained in article on TDS u/s 195 on buying icons , graphics online)  non application of provision u/s 195 is that all

No TDS u/s 195 on Payments for Icons, Graphics to Foreign Websites

No TDS u/s 195 on Payments for Icons, Graphics to Foreign Websites
These days , a business entity may be buying many online contents like -plugins , graphics , icons,images etc from a website which operates outside India. The question which hovers the mind of Indian buyer whether one is required to deduct tax when he buys items like icons, graphics, articles from a website operating from a place outside India and which has no physical presence in India  or any PE in India ? This post is going to discuss that issue

DTAA supersedes I T Act !

DTAA supersedes I T Act !
Payment to non resident requires compliance of section 195 of the Income Tax Act , that requires that before remitting , tax at source ( withholding tax) must be deducted and deposited. It is also a fact that there are double tax avoidance agreement signed with many countries under which government of India has agreed on a different rates. So confusion in minds of deductor as well as tax authorities remain whether to adopt the provision under Income Tax