GIFT City investment: Here’s how resident Indians can invest in global stocks, ETFs, and mutual fundsIndian investors can now access global stocks, mutual funds, and bonds through GIFT City, India's first smart city and International Financ...
12 Jun, 2026, 01.47 PM IST
Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
12 Jun, 2026, 07.11 AM IST
Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to doTenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...
11 Jun, 2026, 01.29 PM IST
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...
11 Jun, 2026, 07.43 AM IST
NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
30 Apr, 2026, 12.07 PM IST
Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
17 Apr, 2026, 06.02 PM IST
Income Tax dept to crack down on TDS/TCS defaulters; targets 40,000 taxpayersThe income tax department is set to crack down on individuals and businesses that have failed to deduct and deposit TDS/TCS. Approximately ...
25 Feb, 2025, 11.22 PM IST
I-T unearths over Rs 3,500-cr TDS default by oil, telecom firm in DelhiThe Income Tax Department has detected TDS default of more than Rs 3,500 crore after it surveyed a major oil company and a telecom operator...
05 Mar, 2020, 10.40 AM IST
I-T detects Rs 470 crore TDS default by airline, real estate, hotel cos in DelhiOfficials said the national capital-based TDS wing recently visited the premises of a budget hotels and guest houses aggregator firm and fo...
09 Feb, 2020, 03.13 PM IST
Day after Chidambaram's tax terrorism remark, CBDT says not remitting TDS is punishable offenceCBDT said that some defaulter companies and vested interests are deliberately misleading the media to thwart action against themselves.
21 Jan, 2019, 05.24 PM IST
Company director sent to 6 months of rigorous imprisonment for TDS defaultThe man and the company have been charged under IT Act's sections 276B (failure to deduct and pay tax) along with section 278B (offences by...
29 Aug, 2018, 08.42 PM IST
Income tax department to crackdown on TDS defaults; e-retail portals, panchayats in focusThe CBDT has directed its assessing officers to undertake at least 30 surveys or on-spot checks, as part of its Central Action Plan (CAP) 2...
24 Jul, 2018, 05.27 PM IST
TDS default: Income Tax department issues over 850 prosecution noticesCBDT Chairman Sushil Chandra had recently written to the field offices of the department to step up action and check TDS defaults by firms ...
22 Feb, 2017, 03.25 PM IST
Taxmen slap prosecution notice on Jet Airways for TDS defaultsThe notice was served to Mumbai-headquartered airline after tax men said they have detected "several irregularties" in the TDS payments.
12 Mar, 2015, 05.52 PM IST
CBDT calls meeting for review of tax, TDS collection this weekIn the 2013-14 financial year the growth under this head was 16.73 per cent while in the current fiscal of 2014-15 the growth percentage is...
04 Feb, 2015, 05.12 PM IST
I-T dept to step up prosecution against TDS defaultersAccording to latest data, the growth in TDS collections is less by 50 per cent this time as compared to the last period.
03 Feb, 2015, 03.50 PM IST
- Budget shifts onus of TDS default to employer
Employees will no longer be at fault in case the employer fails to pay tax deducted at source, thanks to an amendment in the current Budget...
06 Mar, 2003, 01.54 AM IST