Tax Deducted at Source (TDS): News
24 Apr 2024
Indian GovernmentIndian government allows standard TDS rates for PAN-Aadhaar-linked individuals
The Indian government has permitted deductors to apply standard Tax Deduction at Source (TDS) rates for individuals, who have linked their PAN with Aadhaar by May 31, 2024.
18 Sep 2023
IndiaCentre's direct tax collections increase 23.5% to Rs. 8.65L crore
The Indian government has reported a 23.5% increase in provisional direct tax collections, reaching Rs. 8,65,117 crore as of September 16, 2023.
24 Jul 2022
Aadhaar CardIncome tax rules: 3 big changes to keep in mind
Three significant changes in India's income tax rules came into effect on July 1, 2022.
29 Jun 2022
Cryptocurrency#NewsBytesExplainer: How 1% TDS on cryptocurrency transactions will be levied
India's cryptocurrency market is holding its breath as the fateful July 1 approaches. Transfers of virtual digital assets (VDA), including cryptocurrencies and NFTs, are set to attract an additional tax deducted at source (TDS) of 1% from July 1 onward.
04 Jul 2021
LifestyleLast-minute tax savings: Few common mistakes you must avoid
Those of us who wait until the last minute to plan taxes are bound to make some major mistakes.
03 Jul 2021
Ministry of FinanceTDS rules change from this month. Check details here
In the Union Budget 2021, the Finance Ministry has introduced a fresh rule to deduct Tax Deducted at Source (TDS) at a higher rate for those who failed to file their income tax returns for the past couple of years.
17 Jun 2021
Tamil CinemaRollback TDS hike, Tamil film producers write to Finance Ministry
Producers who are working in the Tamil film industry have appealed to the Union Finance Ministry recently to take back the "sudden" imposition of an increased Tax Deduction at Source (TDS).
30 May 2019
Income Tax Department of India#FinancialBytes: Latest ITR-1 changes taxpayers need to be aware of
Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers.
21 Mar 2019
India#FinancialBytes: What is the difference between PAN and TAN?
Two of the most important documents for taxpayers and tax-collectors in India are the Permanent Account Number (PAN) and the Tax Deduction and Collection Account Number (TAN).
24 Feb 2019
India#FinancialBytes: What is the difference between PAN and TAN?
Two of the most important documents for taxpayers and tax-collectors in India are the Permanent Account Number (PAN) and the Tax Deduction and Collection Account Number (TAN).
27 Nov 2018
India#FinancialBytes: What is income-tax refund and how to claim it?
Every year, crores of taxpayers across India file their Income Tax Returns (ITRs). However, when it comes to income tax refund, many are still ignorant about the same.
13 Nov 2018
India#FinancialBytes: What is Form 26AS and how to view/download it?
The Form 26AS, also known as Tax Credit Statement, is one of the important documents required for filing Income Tax Returns.
30 Aug 2018
Income Tax Department of IndiaCompany Director sent to jail for Rs. 50L TDS default
A Delhi court has sentenced the Director of a real estate firm to six months' rigorous imprisonment for allegedly failing to deposit over Rs. 50L TDS (tax deducted at source) in time to Income Tax Department.
27 Jul 2018
Income Tax Department of India#FinancialBytes: 9 things to keep in mind while filing ITRs
July has almost come to an end, and the deadline to file ITR ie. 31 July (for most of us) is closer than ever, with just 4 days to spare.
22 Jul 2018
Income Tax Department of India#FinancialBytes: Know how to file your ITR without Form 16
The due-date for filing your Income Tax return for this assessment year is July 31.
16 Jun 2018
Aadhaar Card#FinancialBytes: 10 Documents you need while filing your I-T Return
The deadline for filing of Income Tax Return for the FY 2017-18, i.e. July 31, 2018, is approaching fast.
