You Searched For "tax collection at source" and got 20 results
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5 mins read
This tactic to avoid income taxes without moving to Florida could surge thanks to a 'silver tsunami'
Rich business owners looking to cash out can save big on income taxes by setting up trusts in tax-h…
Hayley Cuccinello
7 mins read
SEBI is on a mission to take on the wild, wild west of futures and options in India. Here’s why, what, and how of it
Indian equity futures and options trading has become exceedingly risky, with 91% of individual trad…
7 mins read
SIMPLY PUT: SEBI is on a mission to take on the wild, wild west of futures and options in India. Here’s why, what, and how
It's no secret that futures and options see extreme risks, with most traders losing money regularly…
1 min read
Provisions of TDS/TCS, in case of death of deductee or collectee relaxed by govt
On April 23, 2024, CBDT extended the date for linking of PAN and Aadhaar May for the taxpayers (for…
ANI
2 mins read
Comprehensive review of the IT Act imminent in 6 months, notes revenue secretary
Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…
2 mins read
Onus of deducting TCS on standalone overseas hotel bookings should be on banks: MakeMyTrip
MakeMyTrip, an online travel service provider, believes that banks should be responsible for deduct…
PTI
3 mins read
Decoding Form 16: How do you file your taxes if you don't get Form 16?
While you can still download Form-16, there's another, manual way to figure out your tax liability.…
4 mins read
GST Council tweaks tax rates; Waives interest, penalty on tax dues for first 3 years of rollout
The GST Council on Saturday decided to tweak tax rates on items, including accommodation services f…
PTI
3 mins read
Trump wants to cut Social Security taxes for seniors. It's not as good as it sounds.
Former President Donald Trump said he wants to end Social Security taxes for older adults. It could…
Allie Kelly,Ayelet Sheffey
2 mins read
Credit card payments on foreign tours to be brought under LRS to ensure compliance with TCS
Credit card payments for foreign travel will be brought under the purview of the Liberalised Remitt…
PTI
2 mins read
Income Tax Department seizes record ₹1,100 crore cash and jewellery in Lok Sabha elections 2024
As per the sources, by the end of May 30th, the department had seized approximately Rs 1100 crore w…
ANI
4 mins read
A tax expert shares the misconceptions and hidden costs the wealthy face when moving to Puerto Rico for tax breaks
The tax benefits of moving to Puerto Rico have misconceptions about capital gains and the requireme…
Cork Gaines
1 min read
GST collection rises 12% to ₹1.57 lakh crore in May
The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is Rs 1,57,090 cror…
PTI
4 mins read
People are getting taxed for gig work they've never done
Uber and DoorDash have been sending tax forms to people who have never worked for the gig delivery …
Alex Bitter
6 mins read
New TCS regulations may pinch your wallet while travelling abroad. Here’s how you can minimise the impact
A threshold relaxation of ₹7 lakh per financial year from TCS has been given only for overseas spen…
8 mins read
Exclusive: Hunter Biden's tax returns
Hunter Biden's 2018 tax return, published here by Business Insider, complicates the narrative laid …
Mattathias Schwartz
4 mins read
India’s Income Tax Burden: Mere 0.3% of adult population account for 76% of total personal IT receipts
Data shows that currently India has 66.5 million individuals who pay personal income tax, which is …
1 min read
Gross direct tax collections up by 30% at ₹10,93,385 crore in current fiscal
Gross direct tax collections for 2022-23 (up to November 30) are up by 29.66 per cent at ₹10,93,385…
2 mins read
Late Samsung chairman's family sell $2 billion worth of shares to help pay huge South Korean inheritance tax
South Korea has a top inheritance tax rate of 50%, the world's second highest after Japan.
Polly Thompson
4 mins read
Looking to file taxes on your own? Here is what you need to keep in mind
It is that time of the year again – when we have to file our taxes. While we can take the services …