Page 9 - Tds

Reader's corner: How to check status of refund from income tax department

You will not be able to claim a credit of such TDS until the tenant completes the formalities

Govt to levy 2% TDS on cash withdrawal over Rs 1 cr from multiple accounts

The total TDS paid on cash withdrawal beyond Rs 1 crore will be adjusted against the total tax dues from the taxpayer.

Budget 2019 proposals for TDS on life insurance confuse tax experts

But that there is no clarity on how the gains should be calculated on such life insurance policies

Imposed TDS levy after 448 entities withdrew Rs 100 cr each in a year: Govt

Over 1.03 lakh entities made cash withdrawals in the range of Rs 1-2 crore in 2017-18, totalling more than Rs 1.43 lakh crore

TDS on Rs 1-crore cash withdrawal aimed at cracking down on black money

The ministry said that the 2% tax, announced in last week's budget and to start in September, was prompted by information showing misuse

Budget 2019 analysis: Here's what 5 key sectors expected and what they got

EY analyses Nirmala Sitharaman's Budget 2019 for Business Standard, comparing the expectations of five key sectors of the economy and what they actually got in Budgetary provisions

Senior citizens with income up to Rs 5 lakh can seek TDS relief on interest

Senior citizens, above 60 years of age, have to submit Form 15H to banks at the beginning of a financial year to ensure that no tax is deducted at source on interest income

NRIs should obtain TDS certificate in advance for lower deduction at source

It will lower the tax deducted at source and they won't have to wait a long time for refunds

Buying property from non-resident Indians subject to TDS under I-T Act

I-T dept has decided to focus on property transactions involving NRIs; non-compliance would result in penalties

Scanner on firms with low TDS collections

CBDT boss asks officers to scrutinise entities with 10% lower numbers

Evasion of TDS by companies is set to become more difficult

TDS evaders likely to face stiffer provisions

Salaried tax payers will now get SMS alerts on TDS deductions

The income-tax department will now send SMSes to salaried taxpayers on their tax deducted at source or TDS. Finance Minister Arun Jaitley on Monday launched the service. Central Board of Direct Taxes or CBDT will soon offer this facility on a monthly basis. Jaitley said the salaried class cannot afford to pay tax twice or indulge in litigation; hence they should be updated on TDS. "So, they can match the office salary slip and the SMS and at the end of the financial year be clear about any possible tax dues," Jaitley said. He asked CBDT to take grievance redressal system for TDS mismatch online. Jaitley said e-Nivaran is working well for taxpayers and CBDT is taking several taxpayer-friendly initiatives. CBDT will soon extend this SMS facility to another 44 million non-salaried taxpayers. "The frequency of SMS alerts will be increased, once the process for filing TDS returns is streamlined to receive such information in real time," CBDT said. CBDT Chairperson Rani Singh Nair sai

Govt expects Rs 46,739-crore TDS from Delhi region in 2016-17

A top tax official noted that TDS collection has risen very fast over the last few years and it is one of the main sources of tax collection

CBDT relaxes rules for TDS claims by non-resident companies

They can now claim benefits of tax treaty by just providing personal details such as name, address and tax residency certificate, even without providing PAN

How to avoid TDS on your investments

Use Forms 15G or 15H, depending on age, to avoid tax deduction at source if you don't have taxable income

I-T dept to pay interest on TDS refund

It will also not litigate with the deductor on this issue in the future