A comprehensive overview of the revamped TDS structure, detailing how the Act reorganizes withholding rules and clarifies rates, thresholds, and compliance ...

Did you know that an excess amount of cash withdrawal from a bank or post office can lead to deduction of TDS? This deduction kicks in when the sum withdrawn is higher than the permitted threshold.

The Income Tax Department has released a new brochure detailing Tax Deducted at Source (TDS) payment obligations for individual taxpayers, especially those arising on account of buying of property ...

Despite CIT(A) noting missing ITRs, Tribunal allowed TDS credit on the Rs. 1 crore part payment. Decision reinforces that TDS on income already taxed must be recognized and ...

Every month, Ranjani Purohit, a women’s apparel manufacturer and seller in Jaipur, has to set aside an extra ₹50,000 just to fulfill her tax deducted at source (TDS) obligations. Purohit is liable to ...

If you had paid TDS or TCS on time, but due to technical difficulties it was deposited late in the government account, then now you will not have to worry about paying interest. The Central Board of ...

Under section 194O of the Income Tax (I-T) Act, 1961, ecommerce operators are mandated to deduct 1% TDS if the gross sales of goods or services or both exceed INR 5 Lakh In case there are multiple ...

The Income Tax Department once again appealed to taxpayers to ensure that their Permanent Account Number (PAN) be linked to their Aadhaar card. As per regulations defined by the Central Board of ...