S 141A TDS Nightmare
cpc general beginner reform_ideaMeri jaan, Section 141A of the Companies Act 2013 is a living hell for small business owners. Koi samajh nahi, why do we still have this provision that says a company is responsible for deducting and paying taxes even if the income is earned from a non-resident person? Ye kya hai, maine socha tha international trade mein tax recovery thodi simple hoti hai, but nahi, hamare 141A mein kuch toh galat hai. Ismein kuch reform ki zaroorat hai, aur jaldi. Agar hum chahate hai ki startup aur small business apne desh mein expand karein, toh ye provisions ko alag se dekha jaana chahiye. Abhi bhi, companies ko lagbhag 10% income ka tax advance deposit karna padta hai, even if income is earned from foreign clients.
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