To minimise tax deduction and maximise the benefit of government Tax saving schemes it is important to be punctual and complete filing and documentation before the Income Tax department's deadline. In ...

I recently sold a property owned jointly by my mother-in-law, my wife and me. The property was purchased with a loan taken in my name although the sale deed did not mention any proportion of our ...

Buyers of property from Non-Residents must deduct TDS under Section 195, with rates up to 30% for STCG and 20% for LTCG, emphasizing the importance of compliance to avoid ...

The Reserve Bank in a notification said that it has been brought to its notice that some banks are not providing TDS Certificate in Form 16A to their customers in time, causing inconvenience to ...

To protect one’s cash flow from the all pervasive TDS deductions, an assessee having low income tax relative to his income needs to apply for a lower/nil TDS deduction certificate. This needs to be ...

The recent clarifications are in response to certain representations made by the taxpayers. To mitigate the hardships of taxpayers, the Central Board of Direct Taxes (CBDT) on April 9, 2020 provided ...

An employer issues this Form. It contains the evidence of TDS which is deducted from your salary and deposited with authorities. Issued annually on or before June 15 of every year, the Form contains ...

CBDT has extended the validity period of nil or lower withholding tax certificates, where these certificates were set to expire in March-end, by three months. CBDT has stated that in all cases, where ...

QUESTION: We generally find that TDS certificates are received in quite a few cases after the filing of the return. A petition for rectification for refund by rectification of the order under Sec. 143 ...

Employers will have to show donation made by employees from their salary to PM-CARES fund in Form 16 TDS certificate, the Income Tax department has said. Donations made to the Prime Minister's Citizen ...