Income Tax and Tax Deducted at Source (TDS) are the two most common terms Indian taxpayers often come across. Both may sound similar, but there is a vast difference between them. The main difference ...

New TDS deposit rules for companies: From October 1, 2024, companies will have more time to deposit TDS and penal interest with the government before a prosecution notice is sent. However, the ...

Protean (formerly NSDL e-Governance) has informed that the necessary changes have been made in the TDS software from December 27, 2024 and now the TDS certificate will start reflecting the updated ...

What if you are asked to pay 60% tax on your Income when your effective tax liability is 30%? This may happen if there is a mismatch in the TDS credit claimed in your ITR and 26AS. If you are facing ...

All employers are required to deduct tax at source (TDS) from their employees’ salary and deposit it with the income tax department through their Tax Account Number (TAN). TDS plays a crucial role ...

The Indian tax system utilises a Tax Deducted at Source (TDS) mechanism. This means a portion of your income tax is withheld at the source, such as by your employer or bank, before you receive your ...

Researchers highlight a privately held traffic distribution system tool for malware called BlackTDS that lowers the bar to entry for threat actors. A new traffic distribution system for malware is ...

Tax Deduction at Source or TDS refers to deducting tax from the income at the point of payment to other party. Individuals who buy property might require to deduct the tax at source, before making ...

Section 194S of the Income Tax Act, 1961, mandates the deduction of tax at source (TDS) at 1% on payments made to any resident for the transfer of Virtual Digital Assets (VDAs) such as ...