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Why Budget 2026 must simplify TDS to ease cash flow pressures

January 28, 2026 3:02 pm

With TDS contributing nearly 42% of India’s tax collections, the government has begun simplifying the withholding tax system through higher thresholds and removal of overlapping provisions.

Budget 2025: AMFI calls for restoration of long-term indexation benefit for debt funds

January 08, 2025 10:30 am

The Budget 2023 discontinued the indexation provision for new investments prospectively from April 1, 2023.

Ahmedabad: CBI court sentences couple to 3 years in prison in fake TDS refund case

November 30, 2024 4:30 am

It was revealed that Sureshbhai G Prajapati had filed a number of lT Returns in the name of individual assessees. Several TDS certificates were also attached with these ITRs.

Like Chandrababu Naidu before him, KCR's Hyderabad ‘jinx’: Capital bagged but rural belts lost

December 09, 2023 10:19 am

Both Chief Ministers, helped develop Hyderabad into a technology hub but, in the process, lost the countryside in elections almost two decades apart.

GST on casino bets pits Goa against Uttar Pradesh

July 13, 2023 11:25 am

Mauvin Godinho, the state's representative at the GST council meeting, said Goa had sought a 28 per cent tax be levied on "Gross Gaming Revenue" and not on the full face value of bets or full value of consideration paid.

Rationalised TDS framework, revamped concessional I-T regime expected in Budget: EY

January 22, 2023 2:43 pm

The Budget wishlist of EY also highlights that the government should provide some respite to low- and mid-income taxpayers with annual income up to Rs 20 lakh on the personal income tax side.

New TDS Rules | Central Board of Direct Taxes

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.