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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.

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.

GST, GST on good supply advances, CBEC, GST, Goods and services tax, business news, Indian express news

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.