Tag Archives: tds

Key tax changes to be implemented today

Starting October 1, several key changes to direct and indirect taxes will take effect that businesses and individual taxpayers need to be aware of. These are provisions intended to collect data on transactions, spending patterns, and the flow of funds across borders as the tax administration becomes increasingly data- and …

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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 …

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25% TDS cut to benefit individuals

[ad_1] MUMBAI : The government’s move to reduce the rates of tax deduction at source (TDS) and tax collection at source (TCS) by 25% is set to benefit investors and professionals. While this doesn’t bring down the tax liability of taxpayers, it leaves more money in their hands during the …

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