Tax Guru

Deduction of tax on benefit or perquisite in respect of business or profession

The law taxes business/professional benefits via 10% TDS, even for non-cash perks. The key takeaway is tax must be ensured before releasing the ...

Senior Citizen FD Investment: Can you pay zero TDS on Rs 1 lakh+ interest earnings from your fixed deposits?

Senior citizens can manage their Fixed Deposit interest income effectively. Banks deduct Tax Deducted at Source (TDS) on ...
Tax Guru

TDS Credit Denied to Non-Signatory Property Co-Owner

The issue was whether TDS credit can be claimed by a person not named in the sale deed. ITAT held that TDS credit belongs only to the actual owners who executed the sale ...
CNBCTV18

Budget 2026: EY pitches TDS simplification for ease of doing business, seeks consolidation

EY has urged the government to simplify the tax deducted at source framework by sharply reducing the number of rates and ...

Income tax survey recovers Rs 84 lakh TDS from cotton trading firm in Sambhajinagar

Rs 84 lakh towards tax deducted at source (TDS), including Rs 13 lakh of applicable interest, was recovered by the income t.

Income Tax Dept Investigates Ch. Sambhajinagar Cotton Firm for Major TDS Violations

The Income Tax Department''s TDS (Tax Deducted at Source) wing conducted a day-long survey and investigation on Thursday at a cotton trading company here for alleged non-compliance with tax deposit ...