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TDS

HC junks Vodafone plea against IT demand of over Rs 7.5 crore

HC junks Vodafone plea against IT demand of over Rs 7.5 crore

The Delhi High Court on Friday dismissed Vodafone's plea challenging a demand of over Rs 7.57 crore imposed on it by the Income Tax department for not deducting TDS for the assessment year 2013-14 on discount given to distributors towards sale of recharge coupons.

No TDS on PF withdrawal: Key facts you must know

No TDS on PF withdrawal: Key facts you must know

EPFO has issued a new circular circular which will make PF withdrawal tax free.

Must watch video: Good news! No TDS on PF withdrawal

Must watch video: Good news! No TDS on PF withdrawal

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

Learn about the ways to file income tax return

Learn about the ways to file income tax return

Return of income can be filed either in hard copy at the local office of the Income-tax Department or can be electronically filed at www.incometaxindiaefiling.gov.in 

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).

 

CBDT simplifies procedure for filling 15G, 15H forms

Forms 15G and 15H are filed by persons whose incomes are below the taxable threshold, to seek exemption from TDS on interest income.

SpiceJet says no default on TDS obligations

With a Delhi court summoning SpiceJet and its former executives in income tax cases, the budget carrier Wednesday said it has not defaulted on any tax-deducted at source (TDS) obligations.

Court summons SpiceJet, Kalanithi Maran as accused in IT cases

Budget carrier SpiceJet Ltd, its Chairman Kalanithi Maran and another top company official have been summoned as accused by a Delhi court in two tax evasion cases for their alleged failure to deposit over Rs 147 crore TDS with the Income Tax (IT) Department.

Govt will have to forget direct tax of Rs 6.73 lakh crore

A paper presented during the recently held All India Conference of Chief Income Tax Commissioners stated that the department might recover 19% of Rs 8 lakh crore. But there's a rider: even this is going to be a 'tough task'.

I-T Dept issues detailed circular to address tax grievances

To address grievances of taxpayers, the I-T Department Tuesday put in place a detailed framework for 'verification and correction' of the outstanding tax demand, while rectifying the inaccuracies arising due to delayed or non-reporting of TDS (Tax Deduct at Source).

Some tax deductors not depositing TDS: I-T Dept

The Income Tax Department has taken note of some tax deductors not depositing TDS in the government account after deducting the same from specified payments.

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.

Tax shortfall: Finmin asks banks to deposit March TDS by month end

According to official data updated till March first week, TDS collections stood at 7.49 per cent as against 16.69 per cent in the same period last year.

CBDT asks I-T dept to act on public grievances after PM's rap

CBDT has called for according a "top priority" to addressing taxpayers' grievances by the Income Tax department after Prime Minister Narendra Modi expressed his disappointment about delays in corrective action and harassment of the assesses by tax officials.

Have at relook at tax compliance needs of CECs: Gadkari to FM

Ahead of Budget, Union Minister Nitin Gadkari has asked Finance Minister Arun Jaitley to have a relook at service tax compliance requirements of consulting engineering companies (CECs).

CBDT calls meeting for review of tax, TDS collection this week

CBDT will conduct a country-wide review of tax collection work, especially for TDS and arrears, later this week in order to shore up the direct tax revenue kitty for the financial year ending March 31.

I-T dept to step up prosecution against TDS defaulters

Concerned over latest shortfall in TDS revenue collections, the Income Tax department has decided to enhance prosecution action against large defaulters with the help of its specialised electronic database and processing centre created for this exclusive task.