Page 46 - Tds News Today

The deduction of 1% TDS is meant to be made at the time of credit of the amount of sale or service to the account of e-commerce participant. The confusion, however, arises when there is more than one e-commerce operators. The CBDT has released a circular to clarify doubts pertaining to this.

The income tax department has urged taxpayers to respond promptly to the advisory and provide feedback online through the Compliance Portal of the I-T department

The Income Tax (I-T) department is using a fine-tooth comb to nab discrepancies in the tax deducted at source, or TDS, by companies and the declarations by its employees in the annual I-T returns. Whats underway is a line-wise reconciliation of the two sets of numbers under different heads - house rent allowance, medical insurance, outgo on home loans, tax saving investments under 80c etc.

India Business News: The Income Tax department is scrutinizing the discrepancies between employer-calculated and employee-claimed tax data, intensifying its scrutiny to en

Amid social media posts regarding communication from the I-T department regarding mismatch in TDS/TCS deductions and ITR filing data, the income tax department said such communication is to facilitate the taxpayers and make them aware of the information available with the I-T department regarding the transactions reported by the Reporting Entities during the year.

The deadline for paying the third instalment of advance tax is December 15. Failure to pay can lead to penalties and interest for delay.

Telephone and Data Systems, Inc. (NYSE:TDS – Get Free Report) was down 4.6% on Thursday . The company traded as low as $17.77 and last traded at $17.90. Approximately 639,027 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 2,118,662 shares. The stock had previously closed at $18.77. […]

Bill seeking to have the traditional circumciser's knife banned and replaced with a medically approved cut.

Medical officials across the Empire State are shocked by how much these rates have increased.

Invenomic Capital Management LP bought a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 207,191 shares of the Wireless communications provider’s stock, valued at approximately $1,705,000. Invenomic […]