tax deducted at source

Forms 15G And 15H allow individuals to prevent TDS on specific types of income.Form 15G is used by individuals below the age of 60, while Form 15H is specifically for senior citizens, who are 60 years or older. Form 15G and Form 15H…

NEW DELHI: The government is attempting to link tax collected at sourcefor payments made by individuals with tax deducted from their income sources, a move that will help in ensuring cash flows of the individual taxpayers are not impacted,…

Individual taxpayers have the option to select whether they want to be in the old tax regime.If intimation is not made by the employee, it shall be presumed that the employee continues to be in the default new tax regimeThe income tax…

<!-- -->Rationalisation of capital gains rates could be expected in the Budget. (File)New Delhi: The government is expected provide a more rationalised TDS framework to reduce the compliance burden for taxpayers, besides a revamped…

Moonlighting has become a well-known term after instances of tech professionals from multiple big companies indulging in the same came to light. The term refers to holding a second job alongside one’s primary job, usually secretly. While…

Tech professionals moonlighting, taking additional assignments outside their regular jobs, should get ready to pay up taxes. An extra income earned from a side hustle qualifies for tax deductions and must be disclosed when filing tax…

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<!-- -->A new section requires TDS for any benefit exceeding Rs 20,000 in a year. (Representative Photo)Changes in the rules related to Tax Deducted at Source (TDS) have come into effect from today. The Central Board of Direct Taxes…

The Income Tax department on 16 June issued guidelines related to applicability of new TDS provision regarding benefits received in a business or profession. Adding more, the IT department said that these perquisites…

Mumbai: Trading volumes on cryptocurrency exchanges have declined by 30-70% after hitting a monthly peak on March 31. Volumes across top crypto trading platforms surged on the last day of the financial year as traders squared off their…