The CBDT has come out with a corrigendum to the circular issued in January 2020 explaining the correct method to calculate TDS. CBDT Circular on TDS on Salary: If your employer is wrongly deducting ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
This year, salaried employees received a 'bonus' in their April salary from the government, as reduced tax rates under the new regime that were announced in Budget 2025 kicked in from 1 April. For ...
The income tax department will now mail to individual assessees the details of the tax deducted at source on their income from different sources like banks, employers or post offices. Officials said ...
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No More Refund Delays: CBDT Empowers CPC to Fix TDS and Interest Calculation Errors Instantly
Good news for taxpayers! The government has introduced a major reform that will speed up the process of resolving income tax ...
The new rules around the tax deducted at source (TDS) on virtual digital assets (VDAs) will come into effect from today. Under the new rules, the seller will get 1% TDS from the buyer when ...
Section 194C of the Income Tax Act mandates the mandatory deduction of TDS from payments made to contractors and subcontractors. Whether you are a principal or a contractor, understanding this part in ...
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