Page 44 - Tds News Today

The interim budget for 2024 is expected to revolutionize Indias economic landscape and address the challenges faced by NRIs. It will prioritize opportunities to boost economic growth and reduce the tax burden for NRIs. The budget is anticipated to simplify the Tax Deduction at Source (TDS) compliance process for NRIs, making it similar to that of resident sellers.

India Business News: The tax department has seen a significant increase in the number of taxpayers, thanks to rising compliance and the use of technology. The total number

As if the cybercrime ecosystem wasn't already damaging enough, security researchers have discovered a malicious traffic broker named VexTrio, which affiliates hire

The Supreme Court has agreed to examine an important legal question regarding income tax exemption for nuns and priests working as teachers in government-aided Christian missionary schools. The court will consider listing the plea which challenges the imposition of income tax on the income of these teachers.

India News: The Supreme Court will decide whether salaries of nuns and priests working as teachers in government-aided Christian missionary schools should be subjected to income tax. This decision comes after appeals were made by dioceses and congregations from Tamil Nadu and Kerala.

As the Indian crypto industry eagerly awaits the Interim Budget 2024, experts are focused on how the Central Government will shape regulations for virtual digital assets (VDAs). One key demand is the abolition of the 1% Tax Deducted at Source (TDS), which hampers investor participation. Industry voices hope for a reduced TDS rate of 0.01% and the ability to offset losses against gains.

NRI ITR filing: The income tax return filing for non-residents (NRI) is a painful process. This is because they are required to use ITR- to report for simple incomes such as interest income, dividends etc. However, resident individuals can use Simplified ITR-1 or Sahaj to report similar incomes. Union Budget 2024 in February should address this issue.

ISLAMABAD: K-Electric (KE) has sought payment of Rs 137.4 billion regarding pending Tariff Differential Subsidy ...

Various experts have varied views about Form-71 which is used by individual taxpayers to claim TDS credit if it was not deducted in the year when the income was generated. At present a duly filled up Form 71 is submitted online and then the AO checks the claim and either grants or rejects the TDS credit.

The province says it will send out notices on Tuesday from its "Get Vaccinated" system to about 23,000 men born from January to June 2005.