Tds Deduction News Today

Income tax department has said no action will be taken for a short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31; Know how to link your PAN with Aadhaar

Tax deducted at source (TDS): While it is important to deduct a correct amount of TDS in certain transactions, it is also important to check the status of the deductees PAN. ​If the TDS deductor does not check the status of PAN of the deductee on the date of TDS deduction then all the penalty and other legal repercussions would be applied to him and nobody else.

On finding that CIT(A) has failed to consider all submission of assessee and evidences placed on record, the New Delhi ITAT restored the matter back to file of AO for fresh adjudication regarding the...

As the fiscal year concludes, taxpayers are required to furnish evidence of their investments; the absence of such proof empowers the employer to levy a higher TDS in the closing months of the financial year.

The tax treatment of interest remains consistent regardless of whether the securities are listed on the stock market

Fixed deposits (FDs) are one of the most popular and safe investment options in India. They allow you to deposit...

If an individual is liable to deduct TDS before making certain specified payments then it must be done at once. Otherwise the consequences will be dire. Further after deducting and depositing the TDS, an individual must also file a TDS challan cum statement form too. Failure to do so might attract penalty.

The Central Board of Direct Taxes (CBDT) has notified the rate of exchange for the purpose of deducting tax at source (TDS) on income payable in foreign currency.The board has inserted Rule 26 in the...

The Jammu & Kashmir High Court has held that the J&K State Rural Roads Development Agency (JKSRRDA) is exempt from TDS deduction on interest income accrued on Term Deposit Accounts.The bench of...

Only individuals who are residents of India are eligible to make a declaration using Form 15G or 15H.