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India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait

SpiceJet hasn't paid Rs 427 cr in GST, TDS, and PF dues since 2020: Report

Sep 18, 2024, at 05:22 am

Mumbai: Budget airline SpiceJet announced on Tuesday that it failed to pay statutory dues amounting to Rs 427 crore between March 2020 and August 2024, citing its "constrained financial position", media reports said.

TCS India employees receive tax demand notices from IT dept, company asks them to wait

Sep 13, 2024, at 09:47 pm

Mumbai/IBNS: Employees of Indian multinational information technology (IT) company, Tata Consultancy Services (TCS), have recently received income-tax demands ranging from Rs 50,000 to Rs 1.45 lakh, The Economic Times reported, citing its sources familiar with the matter.

Rs 158 crore TDS collected from transfer of Virtual Digital Assets

Mar 30, 2023, at 04:35 am

New Delhi/IBNS: Tax deducted at source on payments made upon transfer of Virtual Digital Assets (VDA) stood at Rs 157.9 crore as of March 20 for FY23, according to the Ministry of Finance.

New TDS rules to apply on doctors, social media influencers from July

Jun 21, 2022, at 02:09 am

New Delhi: According to the new tax rules, freebies received from businesses for sales promotion by doctors and social media influencers will attract a 10 percent tax deducted at source (TDS)  from July

I-T return form to have designated column for crypto gains

Feb 03, 2022, at 02:15 am

New Delhi/IBNS: Income tax return forms will have a different column to mention earnings from cryptocurrency and paying requisite taxes, said Revenue Secretary Tarun Bajaj on Wednesday.

Submit Form 15G or Form 15H to avoid TDS on your Interest Income

Sep 27, 2018, at 03:04 pm

It is mandatory for financial institutions to deduct TDS (Tax Deducted at Source) on interest income on investments exceeding Rs.10,000, or Rs.5,000, if you have a company FD. This limit has been extended to Rs.50,000 for senior citizens. Typically, the financial institutions deduct this tax, and you can adjust is later when filing your income tax returns or paying your tax amount.

A simple approach in learning about GST Payments :

Mar 22, 2018, at 02:56 am

Normally as soon as, you are done with GSTR-1 and GSTR-2, GSTR-3 asks you to proceed for GST payments. But upto 31-03-2018 GST needs to be paid along with GSTR-3B Return filing. (Amendments: Which has now been extended till June 2018). One can also claim refunds by filing online all the applicable refund forms.