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Tuesday, September 16, 2025

Month: March 2016

Budget 2016: Lower TDS for life insurance proceeds

The rate of tax deducted at source (TDS) on life insurance policies where maturity proceeds are taxable has been halved from 2% to 1%. Under…

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Dedicated structure for delivery and monitoring of Tax Payer Services in the Income Tax Department

F.No. A-11011/02/2015-Ad.VII Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi, the 26th February, 2016 ORDER No.…

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Budget 2016: Eight takeaways for individual taxpayers

Although FM Jaitley did not make any changes to the tax slabs in this year’s budget, he had a suitcase full of small changes that…

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TDS on payments by television channels and publishing houses to advertisement companies for procuring or canvassing for advertisements

Central Board of Direct Taxes (CBDT) has issued a circular regarding Tax Deduction at Source (TDS) on payments by television channels and publishing houses to…

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CBDT mechanism for identification of duplicate PANs

ITBA-PAN Instruction No. 3  Dated: 24-2-2016 As per current process, PAN holder who wants to update core field and address details of the PAN allotted…

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TDS on payments by broadcasters or television channels to production houses for production of content or programme for telecasting

Central Board of Direct Taxes (CBDT) has issued a circular regarding Tax Deduction at Source (TDS) on payments by broadcasters or television channels to production…

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