Showing results for "#TDS"
CBDT issues TDS disclosure requirements for virtual digital assets
From July 1, tax deucted at source (TDS) of 1 pc will be levied on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a...
TDS be deducted on cash withdrawals from post office schemes
The Department of Posts has issued new rules for deduction of TDS if the aggregate withdrawal from all post office schemes is more than Rs 20 lakh....
New TDS/TDS rules not for power trading, insurance agents
It has been represented that there are practical difficulties in implementing the provisions of TDS and TCS in case of certain exchanges and clearing...
Govt extends validity of lower withholding tax till June 30
The extension will also be given if taxpayers have the lower TDS order for FY20 but have so far not applied similar order for FY21.
Distributors appeal to Finance Minister over TDS
A few days ago, T Rajendar, President of the Chennai Thiruvallur Kancheepuram Distributors’ Association, demanded that the TDS levied on distributors...
TDS on e-commerce could hit small firms'' working capital: Amazon
A new levy of 1 per cent tax deducted at source (TDS) on e-commerce transactions proposed in the Budget 2020-21 could hurt the working capital of...
TDS at 5pc on foreign tour packages, remittances abroad
The Budget 2020-21 has mandated a 5 per cent tax collection at source for remittances over Rs 7 lakh.
TDS deduction for big e-tailers, relief for small traders: FM
Small traders in the country are up in arms against the big players like Amazon, saying "evil designs of Amazon" have already destroyed business of...