Income Tax Archives - Page 8 of 8

Revised Guidelines for Preventing Prosecution in Income Tax Offences: A Major Relief for Taxpayers

By admin October 23, 2024CBDT, Circulars, INCOME TAXNo Comments

Revised Guidelines for Preventing Prosecution in Income Tax Offences: A Major Relief for Taxpayers The Income Tax Department has recently issued revised guidelines for compounding offences under the Income Tax…

Section 194A – TDS on Interest Other than Interest on Securities

By admin October 21, 2024INCOME TAX, TDSNo Comments

Section 194A - TDS on Interest Other than Interest on Securities Section 194A covers the provision for TDS deduction on interest other than securities. This means it covers interest earned…

Section 194J – TDS on Payment for Professional or Technical Services

By admin October 21, 2024INCOME TAX, TDSNo Comments

Section 194J - TDS on Payment for Professional or Technical Services TDS Section 194J is seeing renewed attention after the passage of Finance Bill 2020, which includes amendments to Section…

Govt reduces charges for TDS default from multiple rates of 2,3 and 5 % to single rate of 1.5 %

By admin October 21, 2024CBDT, CBDT Amnedment, INCOME TAX, TDSNo Comments

Govt reduces charges for TDS default from multiple rates of 2,3 and 5 % to single rate of 1.5 % In a significant move towards simplifying the tax compliance landscape…

CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and Enabling TCS Credit for Minors in the Hands of Parents

By admin October 18, 2024CBDT, CBDT Amnedment, INCOME TAX, Tax Credit, TCS, TDSNo Comments

The Central Board of Direct Taxes (CBDT) has issued amendments to the Income-tax Rules, 1962, aimed at simplifying tax compliance procedures, particularly for salaried employees and individuals responsible for minor…

New Form 12BAA: A Step Towards Reducing TDS from Salary

By admin October 18, 2024INCOME TAX, Salaried Employees, TDSNo Comments

New Form 12BAA: A Step Towards Reducing TDS from Salary The Central Board of Direct Taxes (CBDT) has recently introduced a new form, Form 12BAA, allowing employees to inform their…

Revised Guidelines for Preventing Prosecution in Income Tax Offences: A Major Relief for Taxpayers

Section 194A – TDS on Interest Other than Interest on Securities

Section 194J – TDS on Payment for Professional or Technical Services

Govt reduces charges for TDS default from multiple rates of 2,3 and 5 % to single rate of 1.5 %

CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and Enabling TCS Credit for Minors in the Hands of Parents

New Form 12BAA: A Step Towards Reducing TDS from Salary

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