Tds

Here's why you need to still file your income tax return after paying TDS

TDS is the tax deducted at source and represents only a part of the income tax that you are liable to pay, if you are above the exemption limits set by the government

Crypto transactions to attract 1 per cent TDS from 1 July: What you need to know

The tax announced during the 2022-23 Union Budget speech by finance minister Nirmala Sitharaman is being introduced through Section 194S of the Income Tax Act, 1961

Over three crore income tax returns for FY21-22 filed: Ministry of Finance

An official document said, all taxpayers who are yet to file their income tax returns for the assessment year 2021-22 are requested to file their returns at the earliest to avoid the last-minute rush

Tamil Nadu producers request Finance Ministry to revoke TDS hike on films citing heavy losses due to COVID-19

Tamil Film Active Producers' Association says the imposition of 10 percent TDS on the distribution of cinematographic films has come a ''big shock'' and would impact lakhs of people associated with the film industry.

ITR due date extension: Centre extends FY21 filing deadline for individual tax payers to 30 Sep

The deadline for issuing Form 16 by employers to employees has also been extended by a month till 15 July, 2021, the CBDT said

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain

There is plenty to celebrate for MSMEs and other entities covered under Nirmala Sitharaman's first package of details to flesh out Prime Minister Narendra Modi's Rs 20-lakh-crore stimulus

Coronavirus Outbreak: Donation by employees to PM CARES fund through employer to reflect in Form 16 TDS certificate

Form 16 issued by employer will be considered to be a conclusive evidence of donation made by employee and tax deduction u/s 80-G shall be allowed to the respective employee.

Coronavirus Outbreak: Govt extends validity of lower withholding tax orders by three months till 30 June

The Finance Ministry on Tuesday extended the validity of all lower withholding tax orders by three months till 30 June in view of hardships caused due to COVID-19 pandemic

Mutual fund industry body seeks clarification from tax authorities on removal of DDT, TDS introduction

Industry body AMFI has sought clarification from relevant tax authorities with regard to the government's plan to scrap dividend distribution tax (DDT) on mutual funds and introduction of tax deducted at source on the income distributed by such products, fund managers and officials have said

Proposed TDS levy on e-commerce transactions may impact working capital of businesses: IAMAI chairman

The proposed levy of 1 percent TDS on e-commerce transactions announced in the recent Budget may seem like a harmless 'papercut' but could impact working capital of small businesses, Amit Agarwal, country head of Amazon India and Chairman of industry body IAMAI said on Wednesday