Tax Deducted At Source Tds

ASSOCHAM urges govt to implement uniform TDS rate in Budget 2025-26

This would help avoid litigation on interpretational issues and ensure ease of tax compliance, the trading body said

Threshold for TDS levy on net winning from online gaming at Rs 100: CBDT

The Finance Act 2023 inserted a new section 194BA in the Income-tax Act, 1961, with effect from April 1, 2023, which mandates online gaming platforms to deduct income-tax on the net winnings in the person's user account.

3 Income Tax employees siphoned off crores through fictitious TDS refunds; CBI probes

The probe agency filed the FIR based on a complaint from Joint Commissioner of Income Tax, Muzaffarnagar against three group C officials of the Income Tax who allegedly managed to dupe the department by allegedly misusing RSA tokens of assessing officers to work out and generate fictitious refunds of Tax Deducted at Source (TDS).

June 15 is the deadline for the first advance tax instalment. Here’s how to calculate your liability

The advance tax has to be paid in four instalments over the course of the financial year. Any delay will lead to penal interest being levied.

All you need to know about TDS and the new deduction rules

If you have not filed your income tax returns for the last two years, and the total on your tax deductions exceeds Rs 50,000 or more in each of the preceding two years, you will be subject to a higher TDS.

TDS/TCS provisions under GST to come into effect from Oct 1

E-commerce companies will now be required to collect up to 1 per cent TCS while making any payment to suppliers under the Goods and Services Tax (GST).

SpiceJet increases payment to AAI for services availed

The injection of the funds is part of the new owner's Rs 1,500-crore investment plan to revive the airline. Earlier this month, SpiceJet had paid USD 10 million to three lessors towards rentals for six of its Boeing 737-800 aircraft. The dues cleared were for the period till October.

Relief to Nokia: I-T dept to initiate no coercive action

There seems to be relief for Nokia in the Rs 2,080 crore tax case; the Delhi High Court (HC) has extended the stay on tax demand till the final disposal of the matter.

Nokia's tax woes: Delhi HC adjourns hearing to Apr 17

The Delhi High Court today posted on April 17 the hearing on a plea of mobile phone maker Nokia India Private ltd against a demand notice of over Rs 2,000 crore served on it by the Income Tax department for alleged evasion of taxes in its transactions here.