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Wednesday, August 10, 2022

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TDS NEWS

Capital assets given as benefits under Section 194R scope

July 01, 2022 1:54 am

In a recent set of guidelines on this issue, the Income Tax Department, said the payer/deductor need not check the taxability of the sum in the hands of the recipient and the nature of assets given as benefit or perquisite is not relevant.

Explained: TDS on transfer of virtual digital assets, applicable from July 1 — what the guidelines say

June 23, 2022 3:51 pm

The Finance Act, 2022 introduced Section 194S in The Income Tax Act, 1961, under which a TDS of 1 per cent will be levied on the transfer of VDAs effective July 1 if the value of transactions exceeds Rs 10,000 in a year.

Are you a doctor or social media influencer? Here's how new TDS rule will impact you from July 1

June 22, 2022 2:23 pm

New TDS Rules From July 1: The Central Board of Direct Taxes (CBDT) has issued guidelines on the applicability of new TDS provisions which come into effect from July 1, regarding benefits received in a business or profession and said that such perquisites can either be in cash or kind or partly in both of these forms.

Income Tax rule changes from April 1: Everything you need to know

April 01, 2021 8:17 pm

From higher TDS to new PF rules, here are all the changes in income tax norms that come into effect from April 1.

TDS, TCS deductors can apply for GST registration from Sep 18

September 10, 2017 2:45 pm

As per the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 per cent on payments to suppliers of goods or services in excess of Rs 2.5 lakh.

Panel recommends halving TDS rate to 5%

January 19, 2016 1:55 am

In its 78-page draft report, the Justice R V Easwar panel said that TDS provisions need to be made more tax friendly and not as ‘tedious’ as they have remained over the years.

Failure to pay TDS collected can attract 7-yr jail term: CBDT

December 03, 2015 8:33 pm

Failure to deduct income tax on salaries of employees or defaulting in payment of the same to the government will be liable to a penalty of an equivalent amount, the CBDT said.

Sham Das: Jailed Havaldar privy to the secrets of disbanded unit

September 23, 2015 1:03 am

hile a list of what was contained in the CD became part of subsequent legal record, its precise contents are known only to the Military Intelligence and, probably, the Intelligence Bureau.

Insurance policies with low cover to attract TDS on surrender

July 12, 2014 9:26 am

This will be applicable to policies that are not covered under Section 10 (10D) of the Income Tax Act.

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