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INCOME TAX PAYEES
Taxman to track slipping sectors & top tax payersThe communication, dated June 16, a copy of which was seen by ET, also mandated each zone to submit a report to the Directorate of Tax Rese...
Union Budget 2026: Has government hiked PM Kisan instalment amount for beneficiaries? Check details hereBudget 2026 maintains the PM Kisan beneficiary amount at Rs 6,000 annually. This financial aid is disbursed in three Rs 2,000 installments....
Increase in TDS threshold for rent of house property under section 194-IBudget 2025: Increase in TDS threshold from Rs 2.4 lakh to Rs 6 lakh under section 194-I. Do note this is relevant for persons other than i...
How NRIs can get lower, nil TDS certificate from income tax departmentEvery rupee earned by an NRI in India is subject to TDS. The TDS is applicable on every payment earned or accrued. These include rent payme...
NRIs cannot submit Form 15G/H: What can they do to lower TDS on income from India?Any income earned by Non-Resident Indian (NRI) in India is subject to tax in India. The incomes are credited into the NRI account after TDS...
Micro finance waiver will exclude income tax payees, among others: Ashok SinghalTalking to media persons on Friday, Singhal said, “The loan waiver will come with capping it will not be a blanket waiver. Assam chief mini...
Income tax rules eased, now you can pay Rs 2 lakh+ in cash for Covid treatmentFamilies of patients who are not net savvy were hard hit as they could not pay the bills via net-banking facilities. Hospitals typically do...
Centre pays Rs 1,364 crore to over 20 lakh undeserving beneficiaries under PM-KISANThe Union Agriculture Ministry, in response to the RTI application, identified two categories of undeserving beneficiaries who received PM-...
Government pays ₹1,364 crore to over 20 lakh undeserving beneficiaries under PM-KISAN, reveals RTI data
From Sept 1, individuals must deduct TDS on payments to contractors, professionals: Know all about itThe rate at which the tax has to be deducted is 5% unless the payee has obtained a lower withholding tax certificate from the department.
Budget 2019 hikes TDS limit for rent paid by non-individuals, move to help rental income earnersThis limit has now been increased to Rs 2,40,000 per annum. Essentially, this gives tax-related convenience relief to those who depend on r...
Auditors' report to I-T should have property dealing detailsThe amended rules will come into effect from July 19, 2017 and will apply for the assessment year 2017-18 for which the returns would be fi...
Budget 2017: Paying rent over Rs 50,000 a month? Get ready to deduct 5% TDSThe existing provisions of section 194-I of the Act provide for TDS at the time of credit or payment of rent to the payee beyond a threshol...
Digvijay Singh's name in BPL list, taken aback after seeing his nameVeteran Congressman is arriving in Goa to chair coordination committee meeting of local party unit which will discuss the crucial issue of ...
Odisha agrees to implement exclusion criteria for NFSAFour task force meetings and a consultative workshop yielded the consensus of applying eight exclusion criteria.
Income Tax: Top 5 reasons why you could be paying more taxAs per a report released by a tax planning portal, salaried employees can save more than Rs 15,000 on average in taxes every year.
- Flash a PAN to avoid higher tax
The move to impose penalty through higher withholding tax rate for not quoting PAN is aimed at strengthening the database of authorities, i...
- Cos should deduct TDS on director loans
The Supreme Court has ruled that the companies have statutory obligation to deduct tax at sources (TDS) on interest payments for the loans ...
- TDS: Ignorance can be taxing
With the govt aiming at widening the TDS regime, most taxpayers are not aware how it impacts them.
- Rollbacks not under pressure: Sinha
Yashwant Sinha termed the rollback of the budget proposals as "natural amendment" and said the rollbacks giving away Rs 2,850 crore revenue...