Feb 01, 2021 09:10 PM IST
Budget 2021-22 a proposes steeper tax rate for those who have PAN, but don’t file income tax returns
- Dec 23, 2020 09:36 AM IST
Claiming TDS refund is a tedious process if you haven’t yet got your TDS certificate. COVID-19 has led to delays in companies filing information in Form 26AS
- Nov 19, 2020 09:34 AM IST
Form 15G and 15H are used to avoid tax deduction at source on mutual fund dividends if your tax liability is expected to be nil
- Sep 04, 2020 09:56 AM IST
Withdrawing more than Rs 20 lakh cash from bank would be impossible without a tax return
- Jul 03, 2020 10:20 AM IST
Use this ready reckoner and you won’s miss a date
- Apr 14, 2020 07:59 PM IST
In a clarification, the Central Board of Direct Taxes (CBDT) said several cases have come to its notice wherein deductors/collectors were held to be an assessee in default for short deduction of TDS/short collection of TCS for transaction which happened between April 1 and July 4.
- Mar 25, 2020 08:48 AM IST
TDS for withdrawal from banks has been made stringent
- Mar 19, 2020 02:09 PM IST
While officials have assured that any refund (sans interest) arising pursuant to the Vivad Se Vishwas Act would be granted within 'reasonable time', it would be good if the CBDT can provide clarity on the timing issue of such refund and adjustment against any tax payable under the Act.
- Feb 17, 2020 07:46 PM IST
The government, in the Budget, announced a new levy of 1 per cent TDS (tax deducted at source) on e-commerce transactions, which is to be collected from the sellers by the e-commerce companies.
- Feb 05, 2020 01:35 PM IST
Industry experts believe that the government's plan to tax dividend at the hands of investors could make dividend plans in equity and balanced schemes unattractive and investors may move towards growth plans.
- Feb 03, 2020 04:21 PM IST
The Finance Bill 2020 contains a provision that the mutual funds need to deduct tax at source (TDS) at 10 percent if the dividend payout is more than Rs 5,000
- Dec 11, 2019 09:10 AM IST
Premiums paid/reimbursed by the employer are tax-free perquisites for the employee
- Sep 11, 2019 12:58 PM IST
Officials said the government is considering providing relief to some sectors which mostly deal in cash
- Sep 11, 2019 09:38 AM IST
Carefully preserve the records of your financial transactions relating to the house property, proof of payments, sources of investment etc.
- Aug 30, 2019 09:25 PM IST
The government had made the provision of levying 2 per cent TDS on cash withdrawals exceeding Rs 1 crore in the Union Budget with an aim to discourage cash transactions and move towards less cash economy.
- Aug 19, 2019 01:48 PM IST
In the new approach, text messages similar to those used for TDS updates will be sent to taxpayers, rather than jargon-heavy, intimidating notices
- Jul 31, 2019 09:22 AM IST
The rate of TDS shall be 5 per cent and it shall be deducted on the ‘income’ portion and not on the entire amount.
- Jul 18, 2019 09:30 PM IST
The amendment, along with 28 others, were approved by a voice vote by the Lok Sabha, which passed the Finance Bill 2019.
- Jul 10, 2019 09:15 AM IST
Any discrepancy in taxes deducted should be notified to the respective employer for making the necessary rectification
- Jul 09, 2019 10:11 AM IST
The confusion earlier was whether TDS was to be deducted on the basic selling price of the property or whether it was to be paid on the total amount inclusive of miscellaneous charges such as parking, maintenance. This has now be clarified in the Budget
- Jul 05, 2019 01:43 PM IST
Aadhaar number would suffice to file income tax. Withdrawal in excess of Rs 1 crore to attract 2 per cent TDS.
- Nov 30, 2018 04:16 PM IST
According to the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 percent on payments to goods or services suppliers in excess of Rs 2.5 lakh. Also, states levy 1 percent TDS under state laws.
- Apr 13, 2018 12:12 PM IST
TDS represents part of Income-tax that is already paid by the assessee, which can be set off against Income tax and balance tax liability to be paid.
- Sep 10, 2017 01:50 PM IST
However, the date from which tax deducted at source (TDS) or tax collected at source (TCS) will be done will be notified later.
- Apr 21, 2017 08:00 AM IST
With rapid computerisation, an individual‘s PAN (Permanent Account Number) has become an important document, for many financial and non-financial transactions. It is equally important for buying or selling properties or leasing it out. R