Bengaluru/New Delhi: E-commerce platforms such as Amazon India and Flipkart are required to deduct income-tax (TDS) at the rate of 1% of the gross amount paid to the seller using the platform for ...

In the latest advertisement, the department has stated that, in form No No.16A (on income other than salary) for the quarter ended June 30, 2018 file it before August 15, 2018. For the ones who delay ...

The Internet and Mobile Association of India (IAMAI) said that the tax deducted at source (TDS) -- applicable for all product and service e-commerce firms -- needed to be revoked by the government.

From October 1, 2024 the government has made it mandatory for employers to give benefits of TDS/TCS deducted on non-salary income while computing TDS to be deducted from salary. Adjustment of tax ...

Alankit Ltd is no longer a facilitation centre service provider for NSDL e-Governance Infrastructure Ltd (NSDL e-Gov) and cannot provide services on its behalf for accepting and processing PAN ...

As the financial year draws to a close, many salaried employees are preparing to receive their Form 16, a crucial document for filing Income Tax Returns (ITRs). Form 16, which details salary income, ...

Budget 2020 brought about a slew of changes including the much talked-about insertion of section 194-O to the Income Tax Act, 1961 (IT Act). Tax Deducted at Source commonly known as TDS is a system of ...

The government is considering providing relief to micro, small and medium enterprises (MSMEs) hit by the coronavirus pandemic, sparing them from a 1% tax on gross sales through e-commerce platforms, ...

The National Board of Revenue (NBR) has finally given legal support for corporate taxpayers to make use of the electronic tax deducted at source (e-TDS) system and remove online tax deduction ...

The premier bourse Dhaka Stock Exchange (DSE) Limited has paid the highest source tax of Tk108.62 crore through the electronic tax deducted at source (e-TDS) system among 3,685 registered companies.

Finance minister Nirmala Sitharaman, in her budget speech on February 1, 2020 introduced a TDS mechanism for e-commerce transactions. The government is considering provision of relief to micro, small ...