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Centre seeks India Inc's view on economic revival amid Covid-19 outbreak

Key demands and suggestions include improving liquidity, cutting customs duties and goods and services tax (GST) rates, expediting all refunds and a halt on tax scrutiny

How to deduct TDS against salary under new rules from April? CBDT clarifies

The circular also addresses the confusion that there cannot be a change in option by the employee during the year, coming as a relief for employers

Coronavirus: Tax dept gives fresh relief to companies on lower TDS

CBDT had recently extended the validity of certificates issued for lower TDS or TCS for three months - till June 30 this year

I-T dept extends deadline for filing TDS exemption forms amid lockdown

Forms 15G and 15H are filed by persons whose incomes are below the taxable threshold, to seek exemption from TDS on interest income.

Covid-19: Govt extends lower withholding tax orders validity by 3 months

Due to Covid-19 outbreak, there is severe disruption in the normal working of almost all sectors, including functioning of the Income Tax department

I-T unearths Rs 3,500-cr TDS default by oil, telecom firm in Delhi: CBDT

CBDT, which frames policy for the tax department, did not name the entities involved

'Vivad se Vishwas': Cases in arbitration abroad eligible, says I-T dept

The income tax department said appeals and writs filed on or before January 31 this year will be allowed to be taken up under the scheme

Double trouble: PMC Bank asked to deduct TDS on notional interest paid

CBDT asks lender to deduct tax at source on notional interest paid

TDS on e-commerce deals to hurt SMEs' working capital: Amazon's Agarwal

Agarwal was talking about the Budget proposal to introduce a new section in the Income Tax Act

TDS levy on e-comm transactions may impact working capital: Amit Agarwal

Agarwalwas speaking at 14th India Digital Summit organised by Internet and Mobile Association of India (IAMAI)

10% TDS only on dividend payment by mutual funds, clarifies CBDT

CBDT clarification removed uncertainty over treatment of capital gains

I-T dept says 10% TDS only on dividend payment by mutual funds

It went on to state that necessary clarification, if required, shall be proposed in the relevant provision of the law

Amfi seeks clarity from tax authorities on removal of DDT, TDS introduction

Currently, mutual funds deduct the DDT and then hand over dividend to the unit holders

Proposed 1% TDS on e-commerce transactions to impact firms, sellers

Experts further said that e-commerce companies already deduct 1 per cent TDS under the Goods and Services Act

Amazon, Flipkart may reach out to govt for clarification on 1% TDS levy

The government on Saturday proposed a new levy of 1 per cent TDS (tax deducted at source) on e-commerce transactions, a move that could increase burden on sellers on such platforms

Faceless tax scrutiny: I-T dept completes 60,000 cases, Phase-II in works

Dept plans to include more complicated cases in second phase of scheme

Ease of doing business for NRIs

There seems to be a fundamental flaw in the way some of the income tax provisions are administered that hurts non-resident Indians' (NRI) real estate investments in India

No TDS on interest paid as compensation

The Commission warned the builder not the deduct tax at source on the interest as it was awarded as a form of compensation

Even those not audited must deduct TDS if total payment exceeds Rs 50 lakh

The liability to deduct tax gets triggered when the amount paid to a resident, or even the aggregate of such amounts, exceeds Rs 50 lakh

Govt exempts cash payments above Rs 1 crore via APMC from 2% TDS

The government also gave 15 percentage points additional depreciation rate to commercial vehicles, taking it to 45 per cent