Wednesday 20 October 2021
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Tag: TDS

TDS of 2% on cash withdrawals of over Rs 1 crore from 1 Sept

The revenue department on Friday said the 2% TDS on cash withdrawals of over Rs 1 crore will come into effect from 1 September

Accident compensation taxed: HC asks Centre why

Insurance firms deduct TDS on the interest accrued on compensation awarded by the Motor Accident Claims Tribunal as per the Income Tax Act

Form 16 for TDS: What lies in revised format

Form 16 is a certificate issued by employers, giving details of employees' TDS usually by mid June and is used in filing I-T returns

Anomaly between ITR, service tax returns of businesses to be probed

Net service tax collections during 2016-17 stood at Rs 2.54 lakh crore as compared with Rs 2.11 lakh crore in 2015-16

Deadline for TDS deposit extended

New Delhi — Chennai and a large part of Tamil Nadu have received unprecedented rainfall leading to...