Tax Exemption

New TDS provisions will reinforce the reconciliation of data

Tax deducted at source (TDS) and tax collected at source (TCS) play…
Tax Exemption

CBDT issues guidelines under section 194Q

The income tax department issued a circular dated 30th June 2021 laying…
Tax Exemption

Section 206AB and Section 206CCA: Compliance Check Functionality Introduced

To help the tax deductor or the collector comply with two new…
Tax Exemption

How the Income Tax Department Traces Your Transactions

The income tax department receives information about specific transactions through their sources.…

5% TCS on Foreign Fund Transfers to Apply From October

Individuals are allowed to remit up to $250,000 abroad each year as…

Form 26AS to include details of high-value transactions

The income tax department is streamlining taxpayer information, reporting of income and…

Due date to file annual GSTR-4 for FY 2019-20 gets further extended

The government has further pushed the deadline to file the brand new…

Due Dates of These 10 Financial Activities Have Been Extended

The outbreak of COVID-19 pandemic and the nationwide lockdown has flipped our…

New Form 26AS notified with effect from 1 June 2020

Form 26AS is an annual statement stating the tax payment details including…

Does a TDS rate cut reduce your income tax liability?

The economic stimulus package announced by the government reduces the TDS and…