TDS
Govt exempts cash payments above Rs 1 cr via AMPC from 2 pc TDS
Government had made the provision of levying 2 per cent TDS on cash withdrawals exceeding Rs 1 crore.
Income Tax Department eases criminal prosecution norms for TDS, ITR filing defaults
CBDT has laid down a new criteria to ensure only 'deserving cases get prosecuted'.
2 pc TDS on cash withdrawals of over Rs 1 crore from Sep 1: Tax dept
If a person has already withdrawn Rs 1 cr or more in current fiscal, the 2 pc TDS shall apply on all subsequent cash withdrawals.
7 benefits of filing your income tax return
To avoid penal actions, ensure that you file your income tax return on or before the August 31, 2019 deadline.
Govt extends due date for filing ITR for 2018-19 by a month till Aug 31
There have been demands for an extension in filing ITR date since issuance of TDS statement for 2018-19 fiscal was delayed.
Cash withdrawal from multiple accounts to be aggregated for levying 2 pc TDS
Two per cent tax will be charged if aggregate cash withdrawal from one or more accounts exceeds Rs 1 crore.
Will income tax filing deadline be extended from July 31?
Tax payers have to pay special attention this year on account of the changes in the forms.
Budget 2019: 6 key takeaways that can impact your personal finance
Apart from keeping the tax slabs unchanged, there are a number of budget proposals that will impact your personal finance.
Tea industry seeks exemption of TDS on cash withdrawal
The tea body said that the wages paid to the tea garden workers were both in cash and in kind.
Budget 2019: Cess on petrol, diesel hiked by Re 1 per litre
Finance minister also announced TDS of 2 per cent on cash withdrawal of more than Rs 1 crore from a bank account.