It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes ...

ITAT Delhi held that issue relating to deduction of TDS in case of payment of External Development Charges [EDC] is already pending before CIT (A) hence initiation of proceedings under section 263 of ...

Live: Union finance minister Nirmala Sitharaman presented the first full budget of Modi government 3.0. Sitharaman announced ...

The Indianapolis Colts may not be part of Super Bowl Sunday, but several players and coaches on both the Philadelphia Eagles ...

Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...

Today, the Finance Minister unveiled the Budget 2025, introducing several significant changes that may influence personal ...

Indian taxpayers, especially the middle class and businesses, expect tax reforms, lower GST rates, and capex allocations. YourStory explores industry and startup leaders' expectations for Union Budget ...

This means fewer people will have to worry about TDS deductions on their FD interest, making FDs a more attractive option for both regular earners and retirees.” While the current FD rates are ...

The current TDS structure, which involves multiple provisions with varying rates and thresholds, has often led to complexity. There are 33 different sections under the Income-Tax Act, with TDS ...

Finance Minister Nirmala Sitharaman in Budget 2025 hiked the Tax Deducted at Source (TDS) threshold for dividend income from Rs 5,000 to Rs 10,000 per financial year. The threshold for TDS in the ...

"I propose to rationalise Tax Deduction at Source (TDS) by reducing the number of rates and thresholds above which TDS is deducted. Further, threshold amounts for tax deduction will be increased ...