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Budget 2019: 2% TDS on cash withdrawal not a new concept in India, but will you be impacted?
Fri, Jul 05, 2019
TDS on withdrawals was not really a surprise as recommendations have been made in this regards over the last two years.
Income Tax Return (ITR) filing: IT-dept allows filing of ITR7 form - Do you need it?
Wed, Jun 05, 2019
ITR7 is meant for persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F).
June 2019 Tax Calendar: Remember these 5 important dates - From TDS, TCS to filing ITR, all details here
Mon, May 27, 2019
An individual or company is needed to communicate their incomes and gains in a statement to the department.ze
Money Guru: Know what is TDS and why it is deducted from your salary
Sun, May 26, 2019
Tax Deductible at Source or commonly known as TDS is a kind of tax levied on payments. Whenever there is a discussion on tax, TDS hold an important place among various other taxes.
Money Guru: What is TDS? Why it is deducted from salary? Here is what every tax payer should know
Tue, May 21, 2019
It's a must-watch video for tax payers. This video will act as a knowledge guide for you to understand - What is TDS? Why it is deducted from your salary? Why your employer deducts it and for what purpose? Here is everything you need to know about TDS (Tax Deducted at Source).
Money Guru: Know What is TDS & Why TDS deducts from salary
Tue, May 21, 2019
In this segment of Money Guru, Know What is TDS & Why TDS deducts from salary.
Income Tax return filing: What is the importance of Form 26AS and how to view it
Fri, May 17, 2019
There are five section in Form 26AS each depending upon the category of deductions and taxes paid.
TDS interest income from fixed deposit: What you must know to avoid deduction of money - List of forms
Wed, Apr 10, 2019
Interest income from bank fixed deposits is considered as a taxable income, on which tax deducted at source (TDS) is applicable.
Money Guru: How to claim TDS refund on excess paid
Tue, Mar 05, 2019
How to claim TDS refund on excess paid and what are the documents will be required for the process? To know more, watch Money Guru.
Income Tax Return (ITR) filing: Provident fund TDS costs you this much; 5 easy steps to claim it
Thu, Feb 07, 2019
Income Tax Return (ITR) filing: According to section 192A, payment of accumulated balance of provident fund which is taxable in the hands of an employee.
TDS limit for rent paid by non-individuals increases
Sat, Feb 02, 2019
Budget 2019 has increased the limit for tax deducted at source (TDS) on rent paid to them by non-individuals i.e corporates etc. Earlier non-individuals (e.g corporates etc) who rented out houses had to deduct TDS if rent paid was more than Rs 1, 80,000 per financial year.
Budget 2019: Major relief to savers! TDS on post office deposits up
Fri, Feb 01, 2019
Presenting the budget, Finance Minister Piyush Goyal announced that the TDS threshold on rental income had been increased from Rs 1.8 lakh to Rs 2.4 lakh.
Income Tax Return Alert: Don't face salary cut! Get these documents ready fast
Sat, Jan 12, 2019
Normally, between January and March, companies ask for investment proofs to count the TDS on salary. If you fail to submit the documents, you may suffer some cut in your monthly salary. Why document submission is compulsory
Income Tax Returns (ITR) filing: Can you ask your employer not to deduct tax? TDS rules explained
Thu, Jan 10, 2019
Income Tax returns (ITR) filing season is here and the salaried employees may well have been preparing for the same. If you are a salaried employee and fall in the tax bracket, then you may be aware of the fact that your employer deducts tax from your salary.
Alert! TDS, TCS under GST next month; Know what is the difference
Mon, Sep 17, 2018
Both TDS and TCS were kept in abeyance as the government wanted the newly launched GST, which was launched on July 01, 2017, to settle down.
Income tax return (ITR) filing: TDS different while buying NRI property
Thu, Aug 16, 2018
In an earlier column I had written about the rule of 1% Tax Deduction at Source (TDS) while buying a property worth more than Rs 50 lakh. But that applies to a resident seller. If you are buying property from a Non-resident Indian (NRI) then it is governed under Section 195 of the Income Tax Act. Let us understand in detail.
Income tax returns (ITR) filing: This is for whom ITR 3 form is for
Thu, Aug 02, 2018
Out of the five heads of income, the income from freelance, web-designing business shall be taxed under head ‘Profits and Gains from Business or Profession’ whereas, income from Fixed Deposits shall be taxed under head ‘other sources’.
How many times one can revise tax returns?
Tue, Feb 20, 2018
A return can be revised before the end of the Assessment Year or before the completion of the assessment; whichever is earlier
Now, govt to curb payments exceeding Rs 10,000 in cash
Fri, Feb 02, 2018
Union Finance and Corporate Affairs Minister Arun Jaitley proposed to impose restriction on entities incurring expenditure in cash without paying tax in order to control the cash economy and increase TDS compliance.
Sharp increase in prosecutions of tax evaders by I-T department: FinMin
Fri, Jan 12, 2018
The Income Tax Department has accorded the highest priority to tackle the menace of black money. With this objective in mind, the department has initiated criminal prosecution proceedings in a large number of cases of tax offenders and evaders, said a Finance Ministry statement today.