Tax Deducted at Source (TDS): News
Nirmala Sitharaman chairs pre-Budget 2025 consultation: Check key proposals
Finance Minister Nirmala Sitharaman will present the Union Budget for the fiscal year 2025-26 on February 1.
SpiceJet to issue 48.7 crore shares for ₹3,000 crore QIP
SpiceJet, a leading budget airline in India, has announced its board's approval to issue approximately 48.71 crore equity shares at ₹61.60 each.
SpiceJet admits to ₹350 crore unpaid TDS, PF to employees
SpiceJet, an Indian budget airline currently facing significant financial difficulties, has confessed to not paying ₹220 crore in tax deducted at source (TDS) and ₹135.3 crore in provident fund (PF) dues to employees.
Indian 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.
Centre'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.
Income 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.
#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.
Last-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.
TDS 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.
Rollback 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).
#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.
#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).
#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).
#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.
#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.
Company 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.
#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.
#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.
#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.