TDS

Friday, Apr 19, 2024 | Last Update : 08:47 PM IST

The provision is set to come into force from October 1.

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.

17 Sep 2019 9:09 AM

Cases where non-payment of TDS is Rs 25 lakh or below, and the delay in deposit is less than 60 days from the due date, shall not be processed for prosecution in normal circumstances, the taxman’s circular stated. (Photo: Representational)

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'.

12 Sep 2019 12:33 PM

Cash withdrawal prior to September 1, 2019, will not be subjected to the TDS.

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If a person has already withdrawn Rs 1 cr or more in current fiscal, the 2 pc TDS shall apply on all subsequent cash withdrawals.

31 Aug 2019 10:58 AM

Taxpayers can get multiple benefits by filing income tax returns before the deadline.

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.

14 Aug 2019 2:53 PM

The Central Board of Direct Taxes (CBDT) extends the 'due date' for filing of Income Tax Returns from July 31, 2019 to August 31, 2019 in respect of the said categories of taxpayers, the finance ministry said in a statement. (Representational image)

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.

23 Jul 2019 8:19 PM

The amendment, along with 28 others, were approved by a voice vote by the Lok Sabha, which passed the Finance Bill 2019.

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.

19 Jul 2019 9:38 AM

CBDT has issued a notice dated June 4, 2019 extending the due date for employers to file their TDS returns from June 30 to July 10. (Representational Image)

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.

13 Jul 2019 1:41 PM

Growth stimulation, promoting affordable housing and incentivizing digital economy have been the key focus areas of the first full budget presented by Modi 2.0 government.

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.

12 Jul 2019 10:56 AM

The tea body said that the imposition of two per cent TDS would compromise with the liquidity position of the tea estates.

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.

06 Jul 2019 2:56 PM

Sitharaman said surcharges on individuals having taxable income of Rs 2 crore to Rs 5 crore; and Rs 5 crore and more have been raised.

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.

05 Jul 2019 2:26 PM

Senior citizens, above 60 years of age, have to submit Form 15H to banks at the beginning of a financial year to ensure that no tax is deducted at source on interest income. (Representational Image)

Senior citizens with taxable income up to Rs 5 lakh can seek TDS exemption on bank interest

Earlier, the limit for seeking Tax Deducted at Source (TDS) exemption was Rs 2.5 lakh.

23 May 2019 6:11 PM

The last date for filing GSTR-1 and GSTR-7 for the month was April 11 and April 10, respectively. (Representational Image)

Govt extends last date for filing final sales return for March till Apr 13

The GST Council also needs to have a 'Plan-B' for a swift and smooth GST compliance network.

11 Apr 2019 8:47 AM

DP leader Maganti Venkateswar Rao, who is contesting in the upcoming Lok Sabha election from Eluru seat, sold guavas for a brief period of time while campaigning in Kaikaluru area on Saturday. (Photo: ANI)

2019 LS polls: TDP leader sells guavas to muster support

Rao, popularly known as Maganti Babu, was accompanied by Kaikaluru Assembly contestant JMV Ramana and other leaders.

24 Mar 2019 5:27 PM

under section 80D one now can avail health insurance premium till Rs 25,000 as tax deductible on source (TDS) if the policy is for self, spouse, and kids. (Photo: File)

Get TDS till Rs 1 lakh under section 80D, but conditions apply

The government is offering benefits under Section 80D of the income tax act, making treatments from private hospitals affordable.

21 Feb 2019 12:42 PM

By working with your employer to restructure your CTC usefully, you can increase your in-hand income while lowering your tax.

Paid heavy taxes last year?

How can you avoid this heartburn? Here are a few ideas.

16 Aug 2018 6:43 AM

In the corresponding period of the last fiscal, I-T collections had been Rs 25,500 crore against a target of Rs 35,500 crore for 2016-17. (Photo: PTI)

I-T collection up 13 pc in Bengal and Sikkim in April-January

Target for 2017-18 is Rs 41,891 crore and the department has been able to collect 69 per cent of the target till now.

11 Jan 2018 12:44 PM

GST registrations for entities mandated to collect and deduct tax at source will start from September 18.

TDS, TCS deductors can apply for GST registration from Sep 18

Following industry demands, the government in June had decided to defer the TDS and TCS provision for smooth rollout of GST.

10 Sep 2017 3:19 PM

The government may be mulling over extending the deadline for filing income tax returns for 2017.

There may be a 'genuine case' for govt extending ITR deadline: reports

According to an official, taxpayers this year have been facing many new difficulties, so the deadline may be extended.

28 Jul 2017 8:11 PM

Why the govt should extend deadline for filing income tax returns

From several new changes in rules to GST, there are various reasons why the deadline for ITR filing should be extended in 2017.

28 Jul 2017 3:02 PM

The ITR-1 Sahaj form is for salaried individuals with up to Rs 50 lakh worth of earning. (Representational Image)

Filing I-T returns: a step-by-step guide to fill ITR-1 Sahaj form

ITR-1 Sahaj form is a simple, seven-structure form for individuals earning up to Rs 50 lakh.

06 Jul 2017 1:55 PM

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Mohan Guruswamy

TDS