CBDT Eases TDS Rule In Cases Of Death Of Deductees Before Linkage Of Pan-Aadhaar
In view of the genuine difficulties being faced by the taxpayers, the CBDT issued the Circular dated 05.08.2024, and vide the same, the government has relaxed the provisions of TDS/TCS as per the Income-tax Act, 1961, in the event of death of deductee/collectee before linking of PAN and Aadhaar, it added.
Aug 08, 2024, 14:59 PM IST
CBDT Eases TDS/TCS Rules for Deceased Deductees and Collectees Before PAN-Aadhaar Linkage
On April 23, 2024, CBDT extended date for linking of PAN and Aadhaar May for the taxpayers (for the transactions entered into upto March 2024) to avoid higher TDS/ TCS as per the income tax act.
Aug 07, 2024, 18:26 PM IST
TDS On Income From G-Sec: Expert Says Investors May Possibly Shift To Gilt Funds
FM Sitharaman said TDS is proposed on interest exceeding Rs 10,000 on Floating Rate Savings (Taxable) Bonds (FRSB) 2020 or any other notified security of the Central or State Governments.
Aug 02, 2024, 16:33 PM IST
ITR Filing 2024: 10 Common Mistakes To Avoid While Filing Tax Returns At Last Minute In India
Users should avoid 10 common mistakes when filing last-minute tax returns in India: incorrect details, missing documents, ignoring deductions, wrong bank account, skipping verification, late filing, incorrect form, ignoring changes, wrong income declaration, and missed deadlines.
Jul 31, 2024, 12:31 PM IST
Budget 2024: Finance Minister Announces TDS Framework Changes—Check How It Affects You
Section 192 of the Act deals with tax deduction at source (TDS) on salary earnings.
Jul 24, 2024, 18:00 PM IST
BJP Aims to Retain Lok Sabha Speaker Post, Offers Deputy Role to NDA Allies - Reports
The BJP seeks to retain the Speaker post for the 18th Lok Sabha after securing 240 seats, while offering the Deputy Speaker position to NDA allies, with Rajnath Singh leading negotiations.
Jun 17, 2024, 15:18 PM IST
Received Message From IT Department Regarding TDS? Here's All You Need To Know
According to officials, the message serves as an acknowledgment of the total TDS deposited during the final quarter and the previous financial year.
Apr 04, 2024, 19:03 PM IST
5 Must-Do Financial Tasks Before March 31
Here are the 5 tasks you must complete before March 31, 2024, to avoid penalty.
Mar 23, 2024, 12:24 PM IST
Tax Season Is Here! Know Difference Between Income Tax (ITR) Return And TDS
Learning about the concepts of TDs vs ITR can help taxpayers understand what they need to do and make sure they follow the rules correctly.
Feb 17, 2024, 09:59 AM IST
Decoding The Budget: Take A Look At 10 Key Budget Terms Crucial For Taxpayers
Let's break down some key terms to make sense of the upcoming budget and understand what lay taxpayers can expect.
Jan 28, 2024, 09:36 AM IST
Good News For Taxpayers: I-T Dept Launches App To View TDS, Interest, Dividend Income Info
Taxpayers can use the mobile app to view their information related to TDS/TCS, interest, dividends, share transactions, tax payments, Income Tax refunds, other information (GST Data, Foreign Remittances, etc.) as available in AIS/TIS.
Mar 22, 2023, 21:12 PM IST
New TDS provisions for Online Gaming likely to pose compliance challenges for users & industry: Report
A report by Lakshmikumaran & Sridharan provides a detailed overview of the new taxation regime announced during Financial Bill 2023
Mar 03, 2023, 18:19 PM IST
Income tax alert: Govt allows non-resident taxpayers to manually file Form 10F till March 31 for claiming TDS benefit
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).
Dec 16, 2022, 08:46 AM IST
TDS on salary: CBDT issues IMPORTANT circular on salary income, check details
The circular basically explains the obligation of employers with regard to the deduction of tax at source from salaries under section 192 of the Income-tax Act, 1961 for Financial Year 2022-23.
Dec 13, 2022, 12:53 PM IST
CBDT extends deadline for filing TDS for non-salary transactions till November 30
Form 26Q is used for quarterly filing of TDS returns on payments other than salary.
Oct 28, 2022, 14:41 PM IST
From PAN, credit card, LPG price to crypto tax --5 big rule changes from July 1 that will impact your finances directly
Check here 5 key financial changes that would impact your everyday life from 1 July, 2022.
Jul 01, 2022, 11:43 AM IST
New TDS rule from 1 July 2022: How will it impact doctors, social media influencers? Top 5 things to know
The Budget brought in a new section, 194R, in the I-T Act which requires deduction of tax at source at the rate of 10 per cent by any person, providing any benefit or perquisite exceeding Rs 20,000 in a year to a resident, arising from the business or profession of such resident.
Jun 28, 2022, 15:43 PM IST
