Changes in TDS Rate in Budget 2016
In Budget 2016, FM announced an overhaul of Indias tax deducted at sources (TDS) system. Government hasreduced the rates of Tax Deducted at Source (TDS)…
View More Changes in TDS Rate in Budget 2016Issue of clarification on contentious TDS issues
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 8th March, 2016 Subject: Issue of clarification…
View More Issue of clarification on contentious TDS issuesNon-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor
CBDT has issued a press release regarding non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the…
View More Non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductorBudget 2016: NRIs without PAN not to be subjected to higher rate of TDS
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.…
View More Budget 2016: NRIs without PAN not to be subjected to higher rate of TDSCBDT halves Income Tax refunds issue timeline to 15 days for this fiscal
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…
View More CBDT halves Income Tax refunds issue timeline to 15 days for this fiscalTDS Rates to come down to better cash flow of Small Taxpayers
Government has reduced the rates of Tax Deducted at Source (TDS) on several deductions with a view to improve cash flow, especially of small tax…
View More TDS Rates to come down to better cash flow of Small TaxpayersBudget 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…
View More Budget 2016: Lower TDS for life insurance proceedsDedicated 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.…
View More Dedicated structure for delivery and monitoring of Tax Payer Services in the Income Tax DepartmentBudget 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…
View More Budget 2016: Eight takeaways for individual taxpayersTDS 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…
View More TDS on payments by television channels and publishing houses to advertisement companies for procuring or canvassing for advertisements