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EMPLOYER TDS OBLIGATIONS
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...- ITR filing 2026: 5 benefits of filing income tax return besides paying taxesFiling your Income Tax Return is more than just a tax duty. It acts as a vital financial record. It helps in getting loans approved. You ca...
- Could you be missing a critical June 2026 tax deadline? Check these essential TDS, Form 16, STT and advance tax requirements before it's too lateJune 2026 income tax deadlines are closer than many taxpayers realize. Form 16 issuance, TDS deposits, advance tax payments and STT reconci...
- Incorrect TDS reporting will result in penalties: CBDTThe CBDT issued a comprehensive circular outlining stringent penalties for employers failing to deduct TDS for the assessment year 2024-25....
- Staff not liable if employer under IBC fails to deposit TDS: Bombay HCThe Bombay High Court has ruled that employees are not responsible for depositing tax deducted at source if their employer, undergoing reso...
- Union Budget 2024: 20% TDS on repurchase by mutual funds and UTI withdrawnFinance Minister Nirmala Sitharaman announces withdrawal of 20% TDS rate on mutual funds and UTI repurchase. The Finance Bill 2024 proposes...
- Telcos not liable to deduct TDS on discounts to distributors on SIM cards, recharge vouchers: SCThe issue before the apex court related to the liability of the telecom service providers to deduct TDS under Section 194-H of the Income T...
- TDS on salary: How to avoid higher income tax under new, old tax regimeWith the start of the new year, employers send an email to their employees asking to submit the proofs for investment declaration made duri...
- ITR filing difficult for taxpayers whose EPF interest is taxable: EYBudget 2021 announced that if an employee's own contribution in the EPF account exceeds Rs 2.5 lakh in the financial year, the interest ear...
- Tax on drinks at gala nights! New TDS rules can mess up your tax mathSection 194R - that comes into effect from July 1 - provides that if any 'person' (barring those excluded) provides any benefit or perquisi...
- TDS on EPF: When TDS is applicable on EPF withdrawal, how to avoid itIf an EPF balance is withdrawn before 5 years of service, TDS is deducted at a rate of 10%. TDS will be deducted at the highest slab rate o...
- TDS on rent payment, property sale: Budget hikes penalty on delay in TDS certificate to Rs 500/dayA buyer of immovable property is required to deduct tax at the rate of 1% of the sale value and furnish the challan-cum-statement in Form N...
- No TDS on reimbursement of salaries paid to employees on secondment: Karnataka High CourtANP wanted to provide certain services to an Indian client. For this ANP entered in an agreement with ABS. For the execution of the contrac...
- Govt needs to clarify how TDS from salary will work in new income tax regime: ExpertsIf an employee informs employer at the start of the financial year about opting for new tax regime, will he/she be allowed to switch to the...
- Submit investment declaration to your employer on time to avoid excess TDSA investment declaration is basically a list of the tax saving investments which the employee proposes to make during the year.
- Tax queries: Where should you complain for not getting Form16?If you have any evidence of tax deducted at source from the salary, then you can write to the Commissioner of Income Tax, TDS giving all th...
- Changing jobs? Here's how to minimise tax impactFrom correct deduction of TDS to payment of advance tax, here’s how to deal with various taxation issues that may arise when you switch job...
- IT department to pay interest on TDS refundThe clarificatory note has been issued by the policy-making body (CBDT) of the IT department as it has been a subject matter of "controvers...
- MNCs can deduct tax on salaries paid in India: SCAn MNC registered and situated abroad is liable to deduct tax on salary paid in the home country to their employees working here. Deemed ow...
- Expats' pay to be taxed at normal rate, rules ITATIndian companies that employ foreign technical personnel can now breathe easy, as a recent ruling has clarified the tax treatment of salari...
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