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TDS

Form 12 BAA is here to help you claim tax credit on non-salary income

Enabling this, CBDT notified the amendments and the new Form 12BAA, last month. The new form enables an employee to offset tax deducted at source (TDS) and tax collected at source (TCS) from non-salary income against his / her salary TDS.

03 November 2024, 23:31 IST

Form 12 BAA is here to help you claim tax credit on non-salary income

Form 12 BAA is here to help you claim tax credit on non-salary income

Form 12 BAA is here to help you claim tax credit on non-salary income

03 November 2024, 23:31 IST

The onus of depositing TDS rests unequivocally with the employer

As per the Income-Tax Act, the employer should remit the deducted taxes to the central government on or before the 7th of every subsequent month.

07 October 2024, 02:59 IST

The onus of depositing TDS rests unequivocally with the employer

The onus of depositing TDS rests unequivocally with the employer

The onus of depositing TDS rests unequivocally with the employer

07 October 2024, 02:59 IST

Sale of property of Rs 50 lakh or more involving multiple sellers, buyers to attract TDS

The government on Tuesday said that one per cent TDS will be applicable for transfer of immovable property involving multiple sellers or buyers wherein the aggregate consideration is Rs 50 lakh or more.

23 July 2024, 13:02 IST

Union Budget 2024 | Sale of property of Rs 50 lakh or more involving multiple sellers, buyers to attract TDS

Union Budget 2024 | Sale of property of Rs 50 lakh or more involving multiple sellers, buyers to attract TDS

Sale of property of Rs 50 lakh or more involving multiple sellers, buyers to attract TDS

23 July 2024, 13:02 IST

I-T dept asks taxpayers to link PAN with Aadhaar by May 31 to avoid higher TDS deduction

Last month, the income tax department issued a circular stating that no action will be taken for short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31.

28 May 2024, 09:26 IST

I-T dept asks taxpayers to link PAN with Aadhaar by May 31 to avoid higher TDS deduction

I-T dept asks taxpayers to link PAN with Aadhaar by May 31 to avoid higher TDS deduction

I-T dept asks taxpayers to link PAN with Aadhaar by May 31 to avoid higher TDS deduction

28 May 2024, 09:26 IST

No action for short deduction of TDS if PAN linked with Aadhaar by May 31, says I-T department

As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate.

24 April 2024, 14:24 IST

No action for short deduction of TDS if PAN linked with Aadhaar by May 31, says I-T department

No action for short deduction of TDS if PAN linked with Aadhaar by May 31, says I-T department

No action for short deduction of TDS if PAN linked with Aadhaar by May 31, says I-T department

24 April 2024, 14:24 IST

I-T dept collects over Rs 1,260 crore in TDS from online gaming, crypto trade

The Finance Act 2023 inserted a new section, 194BA, in the Income-Tax Act, 1961, with effect from April 1, 2023, which mandates online gaming platforms to deduct income-tax (TDS) on the net winnings in the person's user account.

02 February 2024, 16:17 IST

I-T dept collects over Rs 1,260 crore in TDS from online gaming, crypto trade

I-T dept collects over Rs 1,260 crore in TDS from online gaming, crypto trade

I-T dept collects over Rs 1,260 crore in TDS from online gaming, crypto trade

02 February 2024, 16:17 IST

CBDT clarifies applicability of TDS liability for e-retailers on ONDC

As Open Network for Digital Commerce is a new initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), the CBDT had received representations seeking clarity on who should be liable for Tax Deducted at Source (TDS) compliance under I-T laws.

29 December 2023, 08:29 IST

CBDT clarifies applicability of TDS liability for e-retailers on ONDC

CBDT clarifies applicability of TDS liability for e-retailers on ONDC

CBDT clarifies applicability of TDS liability for e-retailers on ONDC

29 December 2023, 08:29 IST

Tax officials resolve to firmly deal with fraudulent deductions to claim TDS refunds

The All India Annual TDS (Tax Deducted at Source) Conference, a gathering of senior tax officials, also discussed how to enhance capacity of those administering TDS provisions across the country.

13 September 2023, 17:22 IST

Tax officials resolve to firmly deal with fraudulent deductions to claim TDS refunds

Tax officials resolve to firmly deal with fraudulent deductions to claim TDS refunds

Tax officials resolve to firmly deal with fraudulent deductions to claim TDS refunds

13 September 2023, 17:22 IST

Tata Comm moves ITAT against Rs 228 cr TDS order by I-T Dept

The company in a late-night filing on Friday stated that the company had filed appeals before the Commissioner of Income-tax (Appeals), Mumbai, in respect of TDS orders alleging short deduction of tax at source for assessment years 2013-14 to 2018-19.

09 September 2023, 15:07 IST

Tata Comm moves ITAT against Rs 228 cr TDS order by I-T Dept

Tata Comm moves ITAT against Rs 228 cr TDS order by I-T Dept

Tata Comm moves ITAT against Rs 228 cr TDS order by I-T Dept

09 September 2023, 15:07 IST

Govt attempting to link TCS with TDS: CEA

TCS is the tax collected by a seller at the time of sale of goods or services while Tax Deducted at Source (TDS) is the amount levied as tax by the government

26 May 2023, 11:16 IST

Govt attempting to link tax collected at source with tax deducted at source: CEA

Govt attempting to link tax collected at source with tax deducted at source: CEA

Govt attempting to link TCS with TDS: CEA

26 May 2023, 11:16 IST