New income tax laws grant companies extra time to deposit TDS, extending the deadline from 60 to 80 days after the original due date. Companies that fail to deposit the TDS by the return filing ...

Effective April 1, 2025, modifications will be made to the TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) regulations impacting taxpayers, with a particular focus on senior citizens, ...

In the recent past, did you make a remittance outside India under the LRS scheme for your child’s education or book an overseas tour package? Based on the transaction amount, you must have paid Tax ...

CBDT has introduced Form 12BAA to enable employees to inform their employers about TDS and TCS from other income sources, aiding in reducing tax deductions from salaries and increasing take-home pay.

With the Finance Bill approving a number of noteworthy proposals from the Union Budget 2024, certain changes are all set to take effect starting from Tuesday, October 1 including the implementation of ...

The Bombay High Court has recently held that employees cannot be penalised for employer’s failure to deposit tax deducted (TDS) from salary. “The object and purpose behind the provision is to the ...