Search For "tax deduction"
Tax deduction limit of state govt employees increased from 10 pc to 14 pc:
Updated : 4 years, 2 months ago IST
New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman on Tuesday said that the state government employees' tax deduction limit has been increased from 10 per cent to 14 per cent.
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TDS, TCS rates for non-salaried payments reduced by 25 per cent till March
Updated : 6 years ago IST
New Delhi [India], May 14 (ANI): The Union government on Wednesday announced a reduction in the rate of Tax Deduction at Source (TDS) for the non-salaried specified payments and Tax Collection at Source (TCS) for specified receipts by 25 per cent for the period from May 14, 2020 to March,
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Govt announces Rs 50,000 crore liquidity through TDS/TCS rate reduction
Updated : 6 years ago IST
New Delhi [India], May 13 (ANI): To provide more funds at the disposal of taxpayers, the government on Wednesday reduced rates of tax deduction at source (TDS) for non-salaried specified payments made to residents by 25 per cent of existing rates.
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Income Tax department conducts surveys on film production houses in Mumbai
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Feb 24 (ANI): The Tax Deduction at Source (TDS) wing of Income Tax department on Monday conducted surveys on half dozen film production houses in Mumbai including Dharma Production, sources said.
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Less than 10 pc of taxpayers claimed deduction over Rs 2 lakh in FY 2018-1
Updated : 6 years, 4 months ago IST
New Delhi [India], Feb 2 (ANI): The total number of taxpayers, who have claimed deductions less than Rs 2 lakh, were 5.3 crore out of a total of 5.78 return filers in the financial year 2018-19, government sources said on Sunday.
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OCIs can enroll in NPS at par with NRIs: PFRDA
Updated : 6 years, 7 months ago IST
New Delhi [India], Oct 30 (ANI): The Pension Fund Regulatory and Development Authority (PFRDA) said on Wednesday that an Overseas Citizen of India (OCI) can enroll under the National Pension Scheme (NPS) at par with Non-Resident Indians.
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Two per cent TDS to be levied on cash withdrawals over Rs 1 crore from Sep
Updated : 6 years, 9 months ago IST
New Delhi [India], Aug 30 (ANI): The Revenue Department on Friday informed that the two per cent tax deduction at source (TDS) on cash withdrawal of over Rs 1 crore within a year will come into effect from September 1.
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High court asks govt to reply on tax deduction on compensation in MACT cas
Updated : 6 years, 11 months ago IST
New Delhi [India], July 12 (ANI): The Delhi High Court on Friday sought response from the Centre on a plea seeking seting aside of its June 26 order which mandates deduction of tax on the interest accrued on compensation granted by a Motor Accident Claims Tribunal (MACT).
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CBDT eases requirement for obtaining PAN card for corporate assesses
Updated : 8 years, 1 month ago IST
New Delhi [India], Apr 15 (ANI): Central Board of Direct Taxes on Saturday notified the procedure for corporate assesses to obtain a PAN card, saying that in case of a company, an application for incorporation, allotment of Permanent Account Number (PAN) and allotment of Tax Deduction and Co
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ClearTax helps enterprises generate thousands of form 16s in minutes
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar 14 (ANI): Form 16 is a summation of the basic pay, allowances, tax deductions, and incentives given to a salaried person in a financial year.
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FICCI welcomes TCS relaxation under GST, says will boost e-commerce
Updated : 8 years, 9 months ago IST
New Delhi [India], June 27 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed Finance Ministry's decision to delay the enforcement of tax collection and tax deduction at source under the Goods and Services Tax (GST).
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CBDT to issue PAN, TAN within a day to improve Ease of Doing Business
Updated : 8 years, 9 months ago IST
New Delhi [India], Apr. 11 (ANI): In order to improve the Ease of Doing Business for newly incorporated corporates, the Central Board of Direct Taxes (CBDT) has tied up with Ministry of Corporate Affairs (MCA) to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) in
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