March 9, 2016

Finance Minister Arun Jaitley in his Budget 2016 speech said that Non-resident Indians (NRIs) without PAN will not be subjected to higher rate of TDS. “Non-residents without PAN are currently subjected to a higher rate of TDS. Budget 2016 proposes to amend section 206AA of the Income-tax Act so as to provide that TDS shall…

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CBDT halves Income Tax refunds issue timeline to 15 days for this fiscal

TDSMAN9 years ago2 years ago05 mins

Concerned over the rising cases of refund-related grievances of the tax-paying public, CBDT today issued fresh directions to the Income Tax Department asking it to process all such cases, pending this fiscal, within 15 days instead of the stipulated 30 days. “In view of the large volume of pending refunds which are subject to proceedings…

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Budget 2016: NRIs without PAN not to be subjected to higher rate of TDS

CBDT halves Income Tax refunds issue timeline to 15 days for this fiscal