Tax Deducted At Source
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"Irrational": Petition In Supreme Court Seeks Scrapping Of Tax Deducted At Source (TDS)
A PIL filed in the Supreme Court on Thursday sought to scrap the TDS system calling it "arbitrary and irrational" and violative of various fundamental rights, including equality.
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Government Attempting To Link TCS With TDS: Chief Economic Advisor
The government is attempting to link tax collected at source for payments made by individuals with tax deducted from their income sources, a move that will help in ensuring cash flows of the individual taxpayers are not impacted, according to a senior official.
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Government Directs Online Gaming Companies to Deduct Tax at Source if Players Claim Their Winnings
Online gaming companies will be required to deduct taxes at source if players claim their net winnings, including bonuses or incentives, according to guidelines issued by the Central Board of Direct Taxes.
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All India Bar Association Welcomes Tax Survey Of BBC Offices
The All India Bar Association (AIBA) on Tuesday congratulated the Income Tax Department for conducting surveys of BBC's documents to check irregularities relating to international taxation and Tax Deducted at Source (TDS) transactions.
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Budget 2023: Centre To Provide Rationalised Tax Deducted At Source Framework- Report
The Budget wishlist of EY also highlights that the government should provide some respite to low- and mid-income taxpayers with annual income up to Rs 20 lakh on the personal income tax side.
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Centre Exempts Non-Resident Taxpayers From Electronic Filing Of Form 10F
The Central Board of Direct Taxes (CBDT) had in July made it mandatory for non-resident taxpayers to file Form 10F electronically to claim benefit of lower Tax Deducted at Source (TDS).
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"Tax Deduction At Source": Bureaucrat Shares Video Of Elephants Eating Sugarcane From Truck
In the short clip, a few elephants are seen grabbing sugarcanes from the truck in the middle of the road and feasting on them.
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India’s Cryptocurrency Position Said to Be Vindicated Amid Global Crypto Market Downturn
India has taken a conservative position on cryptocurrency, and the government’s decision is said to be vindicated by the ongoing global cryptocurrency market meltdown. To dampen crypto trading, a one percent tax deducted at source (TDS) on crypto transactions was introduced on July 1, following a 30 percent capital gains tax on all transactions t...
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Social Media Influencers, Doctors To Pay TDS On These benefits
There are some exemptions announced by the Central Board of Direct Taxes, which include discounts being offered by sellers.
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Explained: Difference Between Income Tax and TDS (Tax Deducted At Source)
There is a lot of difference between income tax and TDS. Both the taxes have a different mechanism when it comes to computing them
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Filing Tax Returns Early? Here's What You Need To Know About Form 26AS
Form 26AS is a consolidated annual tax statement that shows the details of taxes
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New TDS Rule From July 1 To Affect Doctors, Social Media Influencers: All You Need To Know
The Union Budget had brought in the provision of TDS to check tax revenue leakage by inserting a new section, 194R, in the Income Tax Act, 1961.
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1% Tax Deductible At Source May Lead To Liquidity Crunch, Say Crypto Experts
When India's government unveiled a plan to tax crypto assets in February, it was the 30% rate on income from digital-asset investments that grabbed headlines. But its a different levy that has the industry warning of a potentially destabilizing liquidity crunch.
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10 Changes Coming Into Effect From April 1 For Next Financial Year
Several new tax rule changes are coming into effect from April 1, when the new financial year begins. These include tax rules on Employee Provident Fund (EPF) interests, Tax Deducted at Source (TDS), and crypto-assets.
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Levy Uniform Interest Rate For Non-Deposit Of TCS: Taxmann
Section 201 of the Income Tax Act states that a deductor shall be liable to pay interest at the rate of 1 per cent per month/part of the month in case there is a failure to deduct tax
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"Irrational": Petition In Supreme Court Seeks Scrapping Of Tax Deducted At Source (TDS)
A PIL filed in the Supreme Court on Thursday sought to scrap the TDS system calling it "arbitrary and irrational" and violative of various fundamental rights, including equality.
-
Government Attempting To Link TCS With TDS: Chief Economic Advisor
The government is attempting to link tax collected at source for payments made by individuals with tax deducted from their income sources, a move that will help in ensuring cash flows of the individual taxpayers are not impacted, according to a senior official.
-
Government Directs Online Gaming Companies to Deduct Tax at Source if Players Claim Their Winnings
Online gaming companies will be required to deduct taxes at source if players claim their net winnings, including bonuses or incentives, according to guidelines issued by the Central Board of Direct Taxes.
-
All India Bar Association Welcomes Tax Survey Of BBC Offices
The All India Bar Association (AIBA) on Tuesday congratulated the Income Tax Department for conducting surveys of BBC's documents to check irregularities relating to international taxation and Tax Deducted at Source (TDS) transactions.
-
Budget 2023: Centre To Provide Rationalised Tax Deducted At Source Framework- Report
The Budget wishlist of EY also highlights that the government should provide some respite to low- and mid-income taxpayers with annual income up to Rs 20 lakh on the personal income tax side.
-
Centre Exempts Non-Resident Taxpayers From Electronic Filing Of Form 10F
The Central Board of Direct Taxes (CBDT) had in July made it mandatory for non-resident taxpayers to file Form 10F electronically to claim benefit of lower Tax Deducted at Source (TDS).
-
"Tax Deduction At Source": Bureaucrat Shares Video Of Elephants Eating Sugarcane From Truck
In the short clip, a few elephants are seen grabbing sugarcanes from the truck in the middle of the road and feasting on them.
-
India’s Cryptocurrency Position Said to Be Vindicated Amid Global Crypto Market Downturn
India has taken a conservative position on cryptocurrency, and the government’s decision is said to be vindicated by the ongoing global cryptocurrency market meltdown. To dampen crypto trading, a one percent tax deducted at source (TDS) on crypto transactions was introduced on July 1, following a 30 percent capital gains tax on all transactions t...
-
Social Media Influencers, Doctors To Pay TDS On These benefits
There are some exemptions announced by the Central Board of Direct Taxes, which include discounts being offered by sellers.
-
Explained: Difference Between Income Tax and TDS (Tax Deducted At Source)
There is a lot of difference between income tax and TDS. Both the taxes have a different mechanism when it comes to computing them
-
Filing Tax Returns Early? Here's What You Need To Know About Form 26AS
Form 26AS is a consolidated annual tax statement that shows the details of taxes
-
New TDS Rule From July 1 To Affect Doctors, Social Media Influencers: All You Need To Know
The Union Budget had brought in the provision of TDS to check tax revenue leakage by inserting a new section, 194R, in the Income Tax Act, 1961.
-
1% Tax Deductible At Source May Lead To Liquidity Crunch, Say Crypto Experts
When India's government unveiled a plan to tax crypto assets in February, it was the 30% rate on income from digital-asset investments that grabbed headlines. But its a different levy that has the industry warning of a potentially destabilizing liquidity crunch.
-
10 Changes Coming Into Effect From April 1 For Next Financial Year
Several new tax rule changes are coming into effect from April 1, when the new financial year begins. These include tax rules on Employee Provident Fund (EPF) interests, Tax Deducted at Source (TDS), and crypto-assets.
-
Levy Uniform Interest Rate For Non-Deposit Of TCS: Taxmann
Section 201 of the Income Tax Act states that a deductor shall be liable to pay interest at the rate of 1 per cent per month/part of the month in case there is a failure to deduct tax
