What is TDS

If your income exceeds 15G/15H limit but you qualify for tax deduction at a lower rate, use Form 13

The Central Board of Direct Taxes (CBDT) on Wednesday issued a clarification about Tax Deducted at Source (TDS) deduction by employers in the current fiscal

Direct tax collected by way of tax deducted at source on payments made upon transfer of virtual digital assets aggregated to Rs 157.9 crore upto March 20, 2023, the Parliament was told on Tuesday

Here are some of the key ones you need to accomplish

The mobile app will facilitate taxpayers to view their information as available in the Annual Information Statement (AIS)/ Taxpayer Information Summary

The net tax growth rate in some of these regions was below expectations, said two people privy to the development

The Central Board of Direct Taxes (CBDT) will soon come out with a scheme on the Budget announcement of reducing pendency of appeals related to TDS default issues, board chairperson Nitin Gupta said

Currently, FPIs investing in government securities and corporate bonds avail concessional 5 per cent withholding tax rate

Budget 2023: The Centre has also made a distinction between 'games of skill' and 'games of chance' in the Finance Bill, signalling that both might get a separate tax structure in future

Proposes 30% tax on net winnings, removes threshold of Rs 10,000

India should consider lowering the 1% TDS on crytocurrency trade as a high rate is causing a flight of capital and users to platforms in foreign jurisdictions and grey market

CBDT tells I-T officials to nudge entities; move could help garner over Rs 5,000 cr

For investments made after proof has been submitted to the employer, claim refund in ITR

Some industry experts also suggested that gains in the crypto industry should be allowed to be offset against losses

Tax is to be debited from the account of the customer and cannot be adjusted against the cash withdrawn

The ITAT ruled that there is no requirement under the IT Act for the deduction of tax at source by the partnership firm on remuneration to partners

The current tax architecture may lead to a loss of approximately Rs 99.3 trillion of local exchange trade volume in the next four years, says the study by The Esya Centre

Cryptocurrency: Business Standard talked to various crypto firms in India about how 2023 will be for the industry. Here's what they said

Move seen as part of department's revenue maximisation exercise

Income-tax dept allows non-resident taxpayers not having PAN to file Form 10F manually till March 31, 2023