New Delhi: The form for tax deducted on source (TDS) has been amended.
The new form has been made more comprehensive and mandates deductors to state reasons for non-deduction of tax. Also, banks will have to report TDS for cash withdrawals above Rs 1 crore.
The Central Board of Direct Taxes (CBDT) has issued a notification through which it has amended Income Tax Rules to include TDS on e-commerce operators, dividend distributed by mutual funds and business trusts, cash withdrawals, professional fees and interest.
The format of forms 26Q and 27Q — where details of TDS amount deducted and deposited on various resident and non-resident payments are to be filled – have been altered.
Form 26Q is used for quarterly filing of TDS returns electronically on payments other than salary to Indian residents by the government or corporates in India.
Bhubaneswar: A statement reportedly made by Kendrapada Collector Smruti Ranjan Pradhan regarding backwardness in the…
Bhubaneswar: The Odisha Vigilance sleuths on Monday apprehended Dr Ashok Das, consultant O&G (clinical)-cum- Joint…
New Delhi: An image of a gold-coloured Rs 7 coin featuring cricketer Mahendra Singh Dhoni…
Bhubaneswar/Puri: Amid concerns over delay in Ratna Bhandar's repair work even after the end of…
Imphal: The National Investigation Agency (NIA) has taken charge of probing three key cases related…
New Delhi: The once elusive Aamir Khan has become more visible in the past few…
Bhubaneswar: Vigilance officials on Monday unearthed huge assets including two palatial buildings, four plots and…
Bhubaneswar: The 10th National Children’s Literary Festival 2024 at KIIT International School began on a…