CBDT Simplifies TDS/TCS Credit Claims for Salaried Employees and Minors: Notification No. 114/2024
Date: October 16, 2024 In a move aimed at simplifying the process of claiming credit for Tax Collected at Source …
TDS
GST on Metal Scrap: New Provisions Effective from 10th October 2024
The GST Council has introduced new provisions regarding the treatment of metal scrap under the Goods and Services Tax (GST), …
CBDT Simplifies Registration Process for Charitable Organizations: Key Changes in Forms 10A and 10AB
The Central Board of Direct Taxes (CBDT), vide Notification No. 111/2024 dated October 15, 2024, has introduced the Income-tax Amendment …
Income-Tax Forms Updated for Salaried Persons: Key Changes in TDS and TCS Reporting
On October 15, 2024, the Central Board of Direct Taxes (CBDT) issued Notification No. 112/2024, introducing the Income-tax (Eighth Amendment) …
Tax on EPF withdrawals: Know what rules say about deduction, exemption
Understanding taxation is essential for effective personal finance management, and one area that frequently causes confusion is Tax Deducted at …
Major Changes in TDS and TCS Rates from 1st October 2024
The Finance Act (No. 2), 2024, introduces significant changes to the Tax Deducted at Source (TDS) and Tax Collected at …
New TDS Rate on Rent from 1 October 2024 – Section 194IB
The Union Budget 2024 introduced several changes to the tax structure, TDS Rates and TCS Rates, one of which pertains …
New TDS Rate Chart F.Y. 2024-25 (AY 2025-26) as amended by Finance Act (No.2) 2024 effective from 1 October 2024
TDS rates are Changed by Budget 2024 via Finance Act (No.2) 2024 for F.Y. 2024-25 & A.Y. 2025-26 effective from …
New TDS Rate for life insurance Commission/payouts draws mixed reactions
The reduction of Tax Deduction at Source (TDS) for life insurance payouts has sparked mixed reactions within the industry, with …
Union Budget 2024 gives salaried individuals some relief on TDS, TCS | TDS Rates changed
Along with TDS deduction by employers, salaried individuals also face TCS collected from them under various other transactions. A small …
