TDS

Here's what happens if you don't link Aadhaar and PAN card today

Here's what happens if you don't link Aadhaar and PAN card today

As per the directives of the Central Board of Direct Taxes (CBDT), it is mandatory for all Permanent Account Number (PAN) card holders t...Read More

TDS on cash withdrawals from post office schemes - Here's all you need to know

TDS on cash withdrawals from post office schemes - Here's all you need to know

The Department of Posts has issued new rules for deduction of TDS, if the aggregate withdrawal from all post office schemes is more than ...Read More

Air India fails to make TDS, EPF payments: Report

Air India fails to make TDS, EPF payments: Report

Beleaguered Air India is unable to make statutory payments like tax deducted at source (TDS) and Employees’ Provident Fund (PF) payments,...Read More

IT dept introduces new TDS rules; here's how much tax will be deducted on cash withdrawals from bank

IT dept introduces new TDS rules; here's how much tax will be deducted on cash withdrawals from bank

In order to discourage cash transactions and increase tax compliance, the income tax department has amended TDS rules.In the 2019-20 budg...Read More

I-T dept amends TDS form, makes it more comprehensive

I-T dept amends TDS form, makes it more comprehensive

As per the amended form, banks will also have to report Tax Deducted at Source (TDS) for cash withdrawals above Rs 1 crore.

After delaying salary, BMC categorises resident doctors as 'vendors'; imposes 10% TDS on them

After delaying salary, BMC categorises resident doctors as 'vendors'; imposes 10% TDS on them

According to the Maharashtra Association of Resident Doctors (MARD), this overnight imposition of TDS is illegal, as they are students an...Read More

TDS on dividend, rent, insurance payment cut by 25%

TDS on dividend, rent, insurance payment cut by 25%

Clarifying on why the TDS rate has not been reduced for salaried class, Finance Secretary Ajay Bhushan Pandey on Thursday said TDS is ded...Read More

TDS, TCS rates reduced by 25%: Here's a revised list of rates issued by Income Tax department

TDS, TCS rates reduced by 25%: Here's a revised list of rates issued by Income Tax department

Tax deducted on payment of dividend, insurance policy, rent, professional fee and on the acquisition of immovable property has been cut b...Read More

Will you benefit from new TDS reductions by 25%? Find out

Will you benefit from new TDS reductions by 25%? Find out

From May 14, 2020, to March 31, 2021, payment for a contract, professional fees, interest, rent, dividend, commission, brokerage, etc wil...Read More

CBDT issues orders to mitigate hardships to taxpayers

CBDT issues orders to mitigate hardships to taxpayers

The government has extended the validity of all lower withholding tax orders secured by assessees by three months till June 30 to mitigat...Read More

Dharma, Balaji Telefilms and other production houses come under Income Tax scanner

Dharma, Balaji Telefilms and other production houses come under Income Tax scanner

Big Production houses including Balaji Telefilms, Dharma Productions, Maddock and others have come under the Income Tax Department scanne...Read More

TDS on e-commerce could hit small firms' working capital: Amazon

TDS on e-commerce could hit small firms' working capital: Amazon

Speaking at an industry event here, Agarwal said that the government should focus on removing friction and bottlenecks in doing business ...Read More

Income Tax calendar for 2020: Know all the important dates to avoid penal consequences

Income Tax calendar for 2020: Know all the important dates to avoid penal consequences

Keeping these dates in mind or marking them on your calendars will help you to avoid penal consequences of late filing of income tax retu...Read More

Bhopal: I-T team survey gives jitters to BMC staff

Bhopal: I-T team survey gives jitters to BMC staff

There were complaints of irregularities in figures of TDS of the current year in comparison to last year.

2 percent TDS on cash withdrawals of over Rs 1 crore from September 1: Tax department

2 percent TDS on cash withdrawals of over Rs 1 crore from September 1: Tax department

Govt had made the provision of levying 2 pc TDS on cash withdrawals exceeding Rs 1 cr in the Budget with aim to discourage cash transactions

Understanding TDS on FD for smooth ITR filing

Understanding TDS on FD for smooth ITR filing

The income earned from your fixed deposit is considered as ‘Income from other sources’, in matters of income tax. This means that your to...Read More

448 entities withdrew over Rs 100 crore each, prompting TDS levy

448 entities withdrew over Rs 100 crore each, prompting TDS levy

Just 448 entities withdrew over Rs 100 crore each taking the cumulative withdrawal to Rs 5.56 lakh crore in cash from bank accounts in on...Read More

Budget 2019: Government proposes to raise TDS on interest income to Rs 40,000

Budget 2019: Government proposes to raise TDS on interest income to Rs 40,000

New Delhi: Finance Minister Piyush Goyal on Friday proposed to increase the limit for tax deduction at source (TDS) on interest income fr...Read More

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CBDT instructs IT officials to mop up tax collection

New Delhi: Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra chaired a meeting of Chief Commissioners of Income Tax Department...Read More

Bharat Budget: To improve lives of distressed farmers and rural areas

Bharat Budget: To improve lives of distressed farmers and rural areas

The Union Budget for 2018-19 – presumed to be the last Budget by the present Government and its presentation getting preponed to February...Read More

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