Recent Highlights
All Stories for Tax Deducted At Source
From GST on under-construction flats to income tax rebate, key changes kick in today; all you need to know
Fp Staff • 6 years agoThe income tax department will give a "straight rebate" of Rs 12,500 to people having an annual income of Rs 5 lakh from the beginning of the financial year 2019-20
Income Tax Return filing: Why the last fortnight of July would strain the ITR server like never before
Muralidharan • 7 years agoThings have changed tremendously from the assessment year 2018-19 onwards insofar as the penalty regime for late filing of return is concerned.
Budget 2018: From standard deduction to health and education cess, how Arun Jaitley changed your money life
Bindisha • 7 years agoThis standard deduction given in budget was in lieu of exemption in respect of transport allowance and reimbursement of miscellaneous medical expenses
GST from 1 July: Govt postpones TDS, TCS to ensure smooth rollout
• 8 years agoE-commerce companies will not be required to collect 1 percent TCS (Tax Collection at Source) while making payment to suppliers under the Goods and Services Tax (GST) which will be rolled out from 1 July.
Tax collected at source: Why targeting cash transactions will not end the black money menance
Muralidharan • 8 years agoThe lasting solution to the vexed problem lies in discouraging cash itself by going digital at least for large transactions but that is a long haul
Income Tax department starts SMS alert service to inform about TDS deductions
Fp Archives • 8 years agoThe Income Tax department will send SMS alerts regarding quarterly Tax Deducted at Source (TDS) deductions to around 2.5 crore salaried tax payers through a facility launched here on Monday by Finance Minister Arun Jaitley.
SDR is fine, but RBI can also look at escrow account mechanism to bring down NPA levels
Smurlidharan • 9 years agoRoughly, 30% of direct taxes collections are through TDS which is almost fool-proof
MP, MLAs thriving salaries: Can centre & state govt come together to put brakes on their vaulting ambitions?
Smurlidharan • 9 years agoSC rejects Kingfisher's plea challenging Rs 372 Cr TDS demand
Fp Archives • 10 years agoThe IT department had initiated proceedings against airlines in 2011 alleging that the carrier failed to remit the TDS from employees' salaries and other payments with the government.
Poor staffing affected prosecution in tax evasion cases: CAG
Fp Archives • 11 years agoCAG carried out a study on administration of penalty and prosecution by the Income Tax department between August and December 2012.