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CBDT TDS COMPLIANCE
CBDT eases TDS compliance for property buyers dealing with non-residentsThe Central Board of Direct Taxes is set to simplify TDS compliance requirements for residents buying property from non-residents. From Oct...- Good news: Property purchase from NRIs gets easier as govt amends Form 141; check how it helpsFrom October 1, 2026, Indian property buyers can buy properties from non-residents without getting a TAN. Instead a new system has been lau...
- Missed ITR deadline and TDS refund is due? Know how to claim your refund before it’s too lateMissed the ITR filing deadline? Don't panic! You might still claim your TDS refund. Learn about filing belated returns, potential fees, int...
- GST returns, overseas investments, off-market stock deal come under AISThe Income Tax Department is set to enhance its Annual Information Statement by incorporating additional data. This revision extends to GST...
- Selling inherited property? Know who is liable to pay income tax on capital gains and how heirs can claim tax reliefSelling inherited property? Know who among the brothers and sisters are liable to pay capital gains tax on it and how to claim tax relief.
- Income tax dept has identified suspicious entities that sent money abroad, launches verification drive; Know what to doBased on ground intelligence and analysis of data, Income tax dept Income tax dept has identified suspicious entities who sent money abroad...
- Disputed tax demand down Rs 16,690 cr since hike in monetary limit for filing appeals, LS toldHigher monetary limits for tax appeals have reduced disputed tax demand by about ₹16,690 crore, with over 23,000 departmental cases withdra...
- ITR filing: How Bitcoin, NFTs, airdrops, gifted crypto, and overseas wallets are taxed in India and how to report themIndia's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percen...
- Govt scraps TDS on GIFT City aircraft lease rentalsAirlines are now exempt from deducting tax at source on lease rentals paid to eligible aircraft leasing companies in GIFT City. This move a...
- CBDT detects non-compliance by state govt entities in filing returnsCBDT has found that many state government entities and local bodies are not timely filing their income tax returns. Some are also defaultin...
- Certain payments to units in IFSC exempted from TDSThe Indian government has exempted specific payments made to units of 14 service sectors in the International Financial Services Centre (IF...
- CBDT clarifies applicability of TDS liability for online retailers on ONDCAs per the FAQ issued by the Central Board of Direct Taxes (CBDT), a 1% TDS will have to be deducted from the gross sale amount after inclu...
- New TDS/TCS regime from July 1 - are you ready?The new provision coming into effect requires both sellers and buyers to undertake due diligence w.r.t. tax return filing status of the oth...
- Income Tax dept functionality to identify 'specified persons' on whom higher TDS will be levied from July 1The Budget 2021 had brought in a provision which mandated that non-filers of income tax returns for past two fiscal years would be subjecte...
- Sluggish TDS growth: CBDT asks I-T dept to take urgent stepsIn his letter, accessed by , Chandra has expressed his "disappointment" over the growth rate under the Tax Deducted at Source (TDS) collect...
- CBDT to taxman: Step up TDS survey operations to boost collectionsCBDT recently reviewed Tax Deducted at Source (TDS) collections and found that the Income Tax department had netted Rs 2.85 lakh crore reve...
- CBDT simplifies procedure for filling 15G, 15H formsCBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically.
- Tax shortfall: Finance Ministry asks banks to deposit March TDS by month endAccording to official data updated till March first week, TDS collections stood at 7.49 per cent as against 16.69 per cent in the same peri...
- TDS due date extended till March 31 for govt deductorsThe Revenue Department has extended the due date of filing TDS and TCS for 2012-13 and 2013-14 till March 31 in case of government deductor...
- TDS exempted on certain payments to reduce compliance burdenThe Revenue Department has exempted tax deduction at source (TDS) on certain payments like, bank guarantee commission and charges for wareh...
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