Deadline for furnishing TDS/TCS statements extended till July 31

Jul 03, 2020

New Delhi [India], July 3 : The Income Tax department has extended the deadline for furnishing of TDS/TCS statements for FY 2019-2020, the department...

Provisions of TDS/TCS in case of death of deductee or collectee relaxed

Aug 07, 2024

The government has relaxed provisions of TDS/TCS in the event of death of deductee/collectee before the linkage of PAN and Aadhaar card.

Govt announces Rs 50,000 crore liquidity through TDS/TCS rate reduction

May 13, 2020

New Delhi [India], May 13 : To provide more funds at the disposal of taxpayers, the government on Wednesday reduced rates of tax deduction...

TDS, TCS rates for non-salaried payments reduced by 25 per cent till March 31, 2021

May 13, 2020

New Delhi [India], May 14 : The Union government on Wednesday announced a reduction in the rate of Tax Deduction at Source (TDS) for...

Big relief in TDS deduction on rent from Rs20,000 to Rs50,000 per month

Feb 01, 2025

FM said, "The annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh. This will reduce the...

Collected over Rs 700 cr in TDS from online gaming companies, crypto: CBDT chief Nitin Gupta

Oct 10, 2023

The Central Board of Direct Taxes (CBDT) has collected more than Rs 700 crore as Tax Deduction at Source (TDS) this financial year after...