The Supreme Court of India has declined to consider a PIL aimed at eliminating the TDS system under the Income Tax Act, noting it is a comm...

On accounting treatment of TDS and its refund, the notice said, it is clarified that at the time of deduction, such TDS may be accounted as...

A PIL filed in the Supreme Court challenges the TDS system as arbitrary and irrational, claiming it violates fundamental rights and burdens...

GSTR-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...

As the financial year concludes, taxpayers must prepare to file their income tax returns (ITR) for FY 2023-24 by July 31, 2024, to avoid pe...

Rent agreement for HRA tax exemption: Employers must collect supporting documents, such as rent receipts, in order to provide the HRA deduc...

The Ministry of Home Affairs has proposed that the prize amount for lottery winners be paid through formal banking channels to prevent tax ...

A majority of taxpayers invariably incur TDS against their income — be it against salary, professional income or interest income. To carry ...

Officials said the national capital-based TDS wing recently visited the premises of a budget hotels and guest houses aggregator firm and fo...

Cash withdrawals over Rs 1 crore a year from a bank account will attract a 2% TDS now.

The payments also have to be made during a stipulated period, failing which a company is liable to be prosecuted as the government sees thi...

A slew of notices have been issued by the I-T department for even minor violations under punitive provisions.

Banks and corporates are allowed to pay the TDS or the tax deducted at source for any month by the seventh of the next month. For March, th...

Such inspections had been done “in more than 400 cases in the region” and it was in the same context that the actor's office was inspected ...

The I-T Department is facing "a kind of helpless" situation as some deductors are not depositing TDS with government accounts despite prose...

Chowdary declined to reveal the amount due by the airline to the I-T Department saying that "it is not appropriate to disclose the amount".

The department is plugging each and every source of revenue to achieve the Rs 5.65 lakh crore revenue mop up target under the direct taxes ...