Tds Payments
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ITR Filing Last Date 2024: Due Dates For Filing Income Tax Returns, TDS, Advance Tax Payments
Advance tax payment is required if your total tax liability reaches or exceeds Rs.10,000 in a financial year.
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India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
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What You Need to Know About Crypto, NFT Laws in India
The Income Tax Department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 percent I-T plus cess and surcharges,...
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IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
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‘Will Give Birth to Red Tapism’: Member of Parliament Opposes 1 Percent TDS on Crypto Assets
As India approaches tax enforcement on crypto starting April 1, the outcry around the levied taxes seems to have grown louder in the nation. Ritesh Pandey, a BSP party leader has voiced his concerns on having people cross three TDS payments on one NFT purchase. Pandey told the Lok Sabha that such bars could outweigh the growth potential of the youn...
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Budget 2019: India Takes Big Step to Boost Digital Payments
In budget 2019, Finance Minister Nirmala Sitharaman said the proposal to levy two percent TDS was aimed at discouraging the practice of making business payments in cash.
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Budget 2019: Tech Firms Welcome Steps To Boost Digital Payments
Technology firms on Friday welcomed the move to levy two per cent tax deduction at source (TDS) on cash withdrawal exceeding Rs 1 crore in a year from a bank account, while small businesses warned it would have an adverse impact on the economy.
-
ITR Filing Last Date 2024: Due Dates For Filing Income Tax Returns, TDS, Advance Tax Payments
Advance tax payment is required if your total tax liability reaches or exceeds Rs.10,000 in a financial year.
-
India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
-
What You Need to Know About Crypto, NFT Laws in India
The Income Tax Department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 percent I-T plus cess and surcharges,...
-
IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
-
‘Will Give Birth to Red Tapism’: Member of Parliament Opposes 1 Percent TDS on Crypto Assets
As India approaches tax enforcement on crypto starting April 1, the outcry around the levied taxes seems to have grown louder in the nation. Ritesh Pandey, a BSP party leader has voiced his concerns on having people cross three TDS payments on one NFT purchase. Pandey told the Lok Sabha that such bars could outweigh the growth potential of the youn...
-
Budget 2019: India Takes Big Step to Boost Digital Payments
In budget 2019, Finance Minister Nirmala Sitharaman said the proposal to levy two percent TDS was aimed at discouraging the practice of making business payments in cash.
-
Budget 2019: Tech Firms Welcome Steps To Boost Digital Payments
Technology firms on Friday welcomed the move to levy two per cent tax deduction at source (TDS) on cash withdrawal exceeding Rs 1 crore in a year from a bank account, while small businesses warned it would have an adverse impact on the economy.
