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Software testing complete, ready for smooth GST rollout: GSTN

Software testing complete, ready for smooth GST rollout: GSTN

The GSTN portal has also started accepting registrations from new taxpayers from June 25 even as the process of migration of existing taxpayers is already on.

 

I-T emphasis on creating awareness on TDS

I-T emphasis on creating awareness on TDS

Income Tax department is emphasising on creating greater awareness on tax deducted at source (TDS) compliance.

Easwar panel on I-T for raising threshold for TDS deduction

Easwar panel on I-T for raising threshold for TDS deduction

A high level panel on simplification of income tax laws on Monday recommended raising the threshold limits for deduction of tax at source (TDS) as also slashing the rate of withholding tax.

TDS threshold to be increased; Know what are the benefits

TDS threshold to be increased; Know what are the benefits

TDS rates for interest income and commission need to be rationalized, the committee suggested that these should be halved to 5 percent.

I-T Dept simplifies online rectification of TDS in ITR

I-T Dept simplifies online rectification of TDS in ITR

Aimed at making life easier for tax payers, the I-T department on Thursday said it simplified the process of online rectification of incorrect details of tax deducted at source (TDS) filed in the income tax return (ITR).

 

Unions question TDS on PF withdrawals, want order on hold

Opposing the government's decision to deduct tax at source on pre-mature PF withdrawals, trade unions on Friday said they will ask the Labour Ministry to put the EPFO order in this regard on hold.

Direct Tax collections marginally short of target in 2014-15

Direct tax collections touched Rs 6,96,200 crore during 2014-15 despite difficulties on the economic front, marginally falling short of the target.

I-T dept collects Rs 6.96 lakh cr revenue during 2014-15

The achieved collections are about Rs 9,000 crore or 14 percent short of the projected target of Rs 7,05,000 crore.

Date for TDS deposit extended to Oct 10

The Central Board of Direct Taxes (CBDT) has extended the due date of deposit of Tax Deducted at Source/Tax Collected at Source during the Month of September, by three days to October 10 from October 7.

CII on Budget: Help restore higher domestic savings rate

The first Budget of the Narendra Modi government would do well to initiate steps that would restore domestic savings rate level to at least 35 percent of GDP through tax incentives, says industry body CII.

Failure to deposit TDS on time will attract penalty

Failure to deposit timely and correct TDS or TCS will now attract a penalty ranging from Rs 200 to Rs one lakh by the Income Tax department.

I-T to scan salary slips of top executives for TDS

Income Tax department has decided to scan the salary structure of top executives of large corporates and PSUs to examine hidden tax opportunities in the perks and reimbursements made to them.

I-T to initiate action against big TDS defaulters

The Income Tax department has decided to crack the whip on big companies and organisations that do not remit TDS money even after deducting it from their workers' salaries.

Chidambaram to launch CPC (TDS) on Saturday

Finance Minister P Chidambaram will launch the Centralised Processing Cell for Tax Deducted at Source (CPC-TDS) tomorrow, a move likely to ease the compliance procedure for taxpayers.

Nokia raided by I-T dept for alleged tax evasion in Chennai

Sources said the I-T department is looking for some alleged mismatch in payments made by the company under the Tax Deducted at Source (TDS) category.

Inaccurate TDS returns may attract penalty from July 1

Attempting to raise revenue, the government has targeted Tax Deducted at Source (TDS) and proposed penal provisions for inaccurate details and ensuring filing of corrective returns from July 1.