In last year’s budget, a new provision was inserted to provide for a higher tax deduction at source (TDS) rate from payments to persons who have not filed their returns of income (non-filers). The TDS ...

ITAT Mumbai ruled that relief under the first proviso to Section 201(1) is available if Form 26A certifying the deductee’s tax payment is furnished. As the buyer obtained the certificate post-appeal, ...

Speaking on the benefit to the mutual funds investors after the TDS rate cut decision by the FM, SEBI registered tax and investment expert Manikaran Singhal said, "This 25 per cent TDS deduction is ...

Taxpayers and professionals are increasingly finding themselves under the scanner of the Income Tax Department (ITD) due to a mismatch between TDS deducted under Section 194J and the presumptive ...

The Central Board of Direct Taxes (CBDT), in a notification issued on Monday, has clarified that employers can rely on a declaration from employees and deduct tax at source (TDS) against salary income ...

Income tax rules applying to non-residents are slightly different from those for residents. When it comes to tax sops, investment options and TDS, they are less favourable. Read about some significant ...

It clarified that the DDT has been removed from the company and mutual fund end to tax the same in the hands of the investors. It said that the Budget 2020 proposes to levy TDS at the rate of 10 per ...