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GST TDS EXEMPTIONS
FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appealsFICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlig...
Your UPI payment just got a price tag: what it means for GST-registered taxpayersNPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.
Exemption from income tax on interest awarded by the Motor Accident Claims Tribunal to a natural person in Budget 2026Union Budget 2026 has proposed that any interest awarded by the Motor Accident ClaimsTribunal to a natural person will be exempt from incom...
Will TDS be deducted on real estate brokerage paid to an individual broker?ET Wealth Reader's Query: Is TDS applicable on brokerage paid by an individual seller to an individual real estate broker? If yes, how shou...
Budget 2025: Major overhaul in TCS/ TDS regime expected? Here's what the industry wantsUnion Budget 2025 expectations: FICCI proposed simplifying India's tax structure and supporting women's workforce participation for the Uni...
No late fees for filing GSTR-7 after deadline; Here’s why these taxpayers still need to file it to avoid serious consequencesGSTR-7 due date: New advisory by GSTN says even if the due date for filing GSTR-7 is missed, taxpayers filing a 'Nil' GSTR-7 return will no...
Budget should double standard deduction, raise basic exemption to Rs 3.5 lakh under new tax regime: EYEY recommends significant tax reforms in the upcoming Budget, urging the government to double the standard deduction under the new concessi...
Budget 2024 wishlist: What hospitality and travel sector players want from the Modi governmentInterim Budget 2024: Hospitality and travel sector players demand infrastructure status for the hotel industry, tax exemption on LTA, and r...
13 ways the FM can simplify matters for income tax payers in interim Budget 2024: CIIThe Interim Budget 2024, will be presented by the finance minister, Nirmala Sitharaman, on February 1, 2024. A few key steps as suggested b...
Taxation for freelancers: Tax liability, exemptions, ITR filing for freelancersGig workers are subject to the same income tax laws and regulations that apply to self-employed individuals.
Tax on freelancers in India: What you need to knowAs per the Income-tax Act, any earning earned through exhibiting your intellectual or manual capabilities is earnings from a profession.
Forgot to submit LTC cash scheme bills to employer? You may be able to claim tax break in ITRWhat happens if the bills were not submitted to the employer before the March 31 deadline under the LTC Cash Voucher Scheme? As per charter...
Panel of officers on GST for raising rate, curtailing exemption list to increase revenueThe committee of officers from the Centre and states, formed to review the goods and services tax (GST), has also recommended selective tax...
Indian startups urge govt to solve key issues like tax refunds, esops & moreThe industry’s demands also look at more long-term interventions to boost e-commerce exports and promote the entry of more high-quality tal...
Nearly 60% buyers say ‘No’ to GST for under-construction properties: PollThe revelation comes when the GST Council is likely to reduce the GST rate levied on under-construction properties to 5% from 12% in its Ja...
Foreign ecommerce companies rush to register for GST in all statesUnder the provisions, notified entities have to deduct up to 1% state GST and 1% central GST on intrastate supplies of over Rs 2.5 lakh.
ITR deadline extended; PAN and Aadhaar must be linked by August 31 for return to be processedThe ITR deadline has been extended till Aug 5. But those who have filed returns must get their PAN and Aadhaar linked before Aug 31 for the...
4 reasons why deadline to file ITR should be extended this yearThis year there have been multiple changes which impact ITR filing. Therefore, there may be a case for extension of the deadline for indivi...
- New Tax Code: Prepare for the TDS nightmare
The respite from TDS bite for small interest earners by submitting simple declarations will be a thing of the past under the new tax code. ...
With GST, the attempt is to keep the rates uniform, an objective which remained unfulfilled to quite an extent in the value-added tax (VAT)...