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Withholding tax

Tax on income imposed at source, i.e. a third party is charged with the task of deducting the tax from certain kinds of payments and remitting that amount to the government. Withholding taxes are found in practically all tax systems and are widely used in respect of dividends, interest, royalties and similar tax payments. The rates of withholding tax are frequently reduced by tax treaties.

News On Withholding tax
Withholding tax Boon or nightmare?

28-04-2016| Source:Moneycontrol.com

Taxpayers and business houses are willing to take on the responsibilities of collecting and depositing tax and undertake necessary compliances. However, generation of artificial demand and treating

Cairn India has indemnity from Cairn Energy on Rs 20,000 tax

10-04-2016| Source:PTI

Cairn India was in April 2014 slapped with a tax demand of Rs 20,495 crore for failing to deduct withholding tax on alleged capital gains made by its erstwhile parent company, Cairn Energy in 2006

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