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BUDGET TDS ON LOTTERY
Budget 2026: Ficci pushes for tax certainty, faster dispute resolutionCorporate India is rallying for crucial reforms as the budget season approaches. Their wishlist highlights the necessity for minimized lega...
New TDS rules from April 1: Higher limit for tax deduction on FD interest, lottery wins; check its impactFrom April 1, 2025, the Union Budget 2025 introduces major TDS rule revisions, benefiting senior citizens with higher thresholds and simila...
TDS rules relaxed for lottery, these other incomes: Budget 2025Budget 2025: Now the Finance Minister has removed the aggregate threshold limit of Rs 10,000 for deducting TDS on Winnings from lottery or ...
New TDS, TCS limits for FY2025-26 for interest, dividends, prize money, rent announced in Budget 2025: Thresholds hikedLandlords, travellers and parents sending children abroad for education will also benefit
60 TDS rules with 10 TDS rates make life difficult for taxpayers: Can Budget 2025 cut TDS rates to 3?Budget 2025: The Union Budget 2025 presents a crucial opportunity to streamline and simplify TDS and TCS rules, enhancing clarity, reducing...
Revised TDS rates from October 1: Here are the new tax deducted at source rates on various transactionsRevised TDS rates from October 1: The Finance Bill has ratified several important proposals from the Union Budget 2024, including revised T...
Revised TDS rates, STT, Aadhaar card rules: 6 income tax Budget 2024 changes applicable from October 1, 2024Budget 2024 tax changes: The 2024 Union Budget introduced some modifications regarding the Aadhaar card, STT, TDS rate, and the Direct Tax ...
TDS rates reduced in Budget 2024: New tax deducted at source applicable on rent payments, insurance, purchase of MF units, sale of propertyTDS rates changed in Budget 2024: On July 23, 2024, Finance Minister Nirmala Sitharaman presented Budget 2024, which included several propo...
NRI to pay higher tax on these capital gains on assets such as listed equitiesBudget 2024 proposes a higher tax on certain capital gains for non-residents. However, it has also proposed to reduce on certain assets. Th...
Budget may impose higher tax on F&O income by treating derivatives like lottery: ReportThe government is reportedly planning to impose a higher income tax on F&O, treating it similarly to income from lotteries or cryptocurrenc...
Hike capex by 25%, reduce GST slabs to maximum of 3 in Union Budget: FICCI tells Nirmala SitharamanBudget 2024: Industry lobby group FICCI in pre-budget consultation with Finance Minister Nirmala Sitharaman in Delhi emphasized the need to...
Budget 2024: D-Street captains urge FM Sitharaman to hike STT charges on high frequency tradersEvery sale and purchase of equities listed on exchanges incurs a Securities Transaction Tax. The STT rate is 0.017% on options sales and 0....
Govt introduces two new sections in I-T Act to tax user income from online gamingExperts believe that the move will help the online gaming industry to build a distinct identity for itself without getting clubbed with bet...
Employers may have to pay 30% tax on crypto offered to employees as compensation“Norms are being worked out… These will be issued soon,” a government official said. ET had earlier reported that credit card rewards point...
Govt working on classification of cryptocurrency under GST lawGST officers are of the view that cryptos, by nature, are similar to lottery, casinos, betting, gambling, horse racing, which have 28 per c...
Budget 2022 cryptocurrency tax rules leave little on table for investors: 6 ways crypto investors will be impactedWhen experts looked into the fine print and investors understood the full implications of the rules, it became clear that the tax rules for...
Missing ITR filing for even 1 year can lead to higher TDS: Budget 2022The higher TDS/TCS law was announced in Budget 2021 and became effective from July 1, 2021. Higher TDS and/or TCS is applicable to those in...
Budget 2022: Govt to tax cryptocurrencies at flat rate of 30%A clarity on taxation of cryptocurrencies was a long pending demand of players involved in the crypto industry
Budget could consider levying TDS/TCS on crypto trading, make it reportable in SFTThe 'Cryptocurrency and Regulation of Official Digital Currency Bill' is now expected to be introduced in the Budget session of Parliament ...
Non filers of ITR to face higher TDS on interest, other specified incomesThis proposal may be bad news for those who are otherwise not mandatorily required to file income tax return under the tax laws but have to...