TDS on EPF withdrawals is mandatory under Section 192A of the Income Tax Act, with specific rules for exemptions and ...

As per section 194N of the Act, TDS is required to be deducted when an individual withdraws a sum exceeding Rs 20 lakh in ...

Hindustan Unilever Ltd (HUL) has recently made a payment of ₹192.55 crore in compliance with a directive from the Income Tax ...

The Central Board of Direct Taxes (CBDT) has implemented changes to income tax rules, providing greater convenience for ...

Updated - November 29, 2024 at 07:30 AM. | New Delhi ...

An Ahmedabad CBI court sentenced Suresh G Prajapati and his wife Sobhnaben to three years in prison for TDS refund fraud. The ...

Kerala High Court held that lessee is liable to deduct TDS u/s. 194-I of the Income Tax Act, however, there is a dispute for ownership of the property. Then, in such case lessee is directed to deduct ...

The government has started the consultation process for reviewing the Income Tax Act, 1961. The review is being done to ...

Further, Rule 31 framed under section 203, states TDS certificate should be issued in Form 16 in case of deduction under section 192 annually or in Form 16A in case deduction of tax under any other ...

In a major move anticipated during her budget speech on February 1, Finance Minister Nirmala Sitharaman is expected to ...

FICCI said the government should streamline the TDS payment structure by implementing three main rate categories: TDS on ...

Two income tax practitioners in Ahmedabad have been sentenced to three years in prison for fraudulently obtaining TDS refunds based on forged certificates, resulting in an estimated misappropriation ...