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TDS ON BOND INTEREST
Senior citizens can now earn up to 7.95% FD interest at Bandhan Bank as lender hikes fixed deposit rateSenior citizen FD interest rates: Bandhan Bank has boosted fixed deposit interest rates, offering senior citizens a compelling up to 7.95% ...- RBI revises rules for Floating Rate Savings Bonds 2020: Key changes investors should knowThe Reserve Bank of India has released updated operational guidelines for its Floating Rate Savings Bonds, 2020 (Taxable), effective immedi...
- RBI deducted TDS on full interest on GOI Savings Bonds. How do I avoid double taxation?ET Wealth Reader's Query: I had purchased GOI Savings Bonds issued by the RBI in 2018. These bonds carried a fixed interest rate of 7.75% p...
- I have a 5-year cumulative FD, do I need to pay income tax on interest annually or at maturity?ET Wealth Reader's Query: I have a 5-year cumulative fixed deposit where the interest is payable only at maturity. To file my income tax re...
- Stakeholders seek rollback of TDS on listed bond couponsWhile the policy is aimed at improving tax compliance, it has created unintended challenges for fixed-income investors, particularly retail...
- Budget 2024 proposed 10% TDS on government bonds: You can still pay lower or zero TDS with this certificateTDS on government bonds: Budget 2024 imposed a TDS on interest income earned from government bonds. Atul Puri, SW India says, "In a case wh...
- TDS on interest income from bonds hurts honest taxpayers more than tax evadersThe Budget 2023 has made amendments in the Income Tax Act, 1961 to reduce the instances of underreporting of incomes especially on bonds. T...
- Non-tax filers may move to NCDs, debt mutual funds on high TDS fearsWealth advisors and tax consultants said many of these individuals will now consider these debt products as a replacement to fixed deposits...
- TDS certificates should be available now: 4 steps to prepare to file income tax returnThe last date of issuing TDS certificates such as Form 16, Form 16A etc has expired on August 15, 2020, for FY 2019-20. However, before you...
- TDS cut to benefit investors in equity mutual fund dividend plansThe lower rates will come into effect from May 14 and include deductions on dividend, interest, professional fees and brokerage.
- Answers of our readers queries related with various tax issuesWhile filing return of income, the employee can claim the credit for TDS on salary based on the data/documents available with him.
- Have you paid tax on your interest income?The tax department is turning the heat on taxpayers who don’t report interest income. Don’t be under the misconception that interest earned...
- Six things to know about tax deducted at sourceThe TDS should be deposited within a week of the end of the month in which the deduction is made.
- Budget 2013: Five things NRIs would look for from the finance ministerIt is a well known fact that the Non-Resident Indian (NRI) community plays a crucial role in the scheme of things in the Indian economy.
- Smart things to know: Tax on dividend and interest incomeThe dividend earned from shares or mutual fund units is taxable and is paid directly by the company or mutual fund at the applicable rate.
- Interest over Rs 10,000 on 8% paper 2003 to attract TDSGovernment has clarified that even existing investors in 8 per cent savings bonds 2003 must pay tax on interest exceeding Rs 10,000 in any ...
- Has your tax bond come under TDS net ?Eight pc taxable bonds, floated by the government in 2003, will attract tax deduction at source from Friday.
- Hard times for the aged on tax frontSenior citizens will now find it tough to escape from TDS net. ET offers some tips.
- No need for TDS remittance until earner’s identity is clearYou have no liability to pay TDS until you know the identity of the person who receives the income. This is the upshot of a Mumbai Income-T...
- Pay TDS only for identified receiver of incomeThe ITAT, the second appellate body on tax matters, gave this order in an appeal filed by Industrial Development Bank of India (IDBI).
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