Tag Archives: Business News

Tax on dividend, rent, insurance payment cut by 25%

[ad_1] NEW DELHI: Tax deducted on payment of dividend, insurance policy, rent, professional fee and on the acquisition of immovable property has been cut by 25 per cent for a period up to March 31, the tax department has said. Following finance minister Nirmala Sitharaman‘s announcement of a reduction in …

Read More »

ITR Due Date Extended: Deadline to file ITRs extended till November 30; 25% cut in TDS / TCS rate for non-salary payments | India Business News

[ad_1] ANI photo NEW DELHI: In a relief to taxpayers, the government on Wednesday extended the deadline for filing of all income tax returns for 2019-20 fiscal till November 30, 2020. Announcing a slew of relief measures for the coronavirus-hit economy, Finance Minister Nirmala Sitharaman also slashed TDS (tax deducted …

Read More »