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Govt to remove multi-level TDS on software from July

Last Updated: Thursday, June 14, 2012, 19:02

In a big relief to the software industry, the government Thursday said it will do away with the complex multi-level system of Tax Deduction at Source (TDS) for the sector from July 1.

Govt to remove multi-level TDS on software from July

Last Updated: Sunday, June 3, 2012, 11:49

In a major benefit to the software sector, the government has decided to do away with complex multi-level system of Tax Deduction at Source (TDS) with effect from July 1.

NASSCOM welcomes decision to do away with TDS

Last Updated: Wednesday, May 30, 2012, 22:04

Welcoming the government's decision to do away with multi-level TDS on software, industry body Nasscom said the move will benefit the IT sector and improve finances.

Govt for TDS on real estate transactions

Last Updated: Monday, May 21, 2012, 20:16

In order to check generation of black money in the real estate sector, the government's White Paper has suggested introduction of tax deduction at source (TDS) on sale-purchase of properties.

Government rolls back TDS on property sales

Last Updated: Tuesday, May 8, 2012, 13:35

TDS on property sales was levied in a bid to tighten screw on corruption and black money.

Inaccurate TDS returns may attract penalty from July 1

Last Updated: Wednesday, May 2, 2012, 18:45

Attempting to raise revenue, the government has targeted Tax Deducted at Source (TDS) and proposed penal provisions for inaccurate details and ensuring filing of corrective returns from July 1.

Inaccurate TDS returns may attract penalty from July 1

Last Updated: Wednesday, May 2, 2012, 18:45

Attempting to raise revenue, the government has targeted Tax Deducted at Source (TDS) and proposed penal provisions for inaccurate details and ensuring filing of corrective returns from July 1.

Exporters question TDS on foreign payment post Vodafone ruling

Last Updated: Monday, January 23, 2012, 16:20

Lauding the apex court's judgement, the FIEO chief said payments made in the course of exports as foreign agency commissions, royalties, offshore and professional services may "find a logical settlement".

Bankers demand tax break on interest earned from FDs

Last Updated: Thursday, January 19, 2012, 21:58

Bankers Thursday pitched for removal of tax deducted at source (TDS) levied on interest accrued from fixed deposits, to promote savings.

Bharti to challenge Rs 1,067 crore tax demand in court

Last Updated: Thursday, January 19, 2012, 09:42

Top Indian mobile phone carrier Bharti Airtel said on Wednesday it will challenge in court a 10.67 billion rupee tax demand from the country's income tax department over payments to international telecoms operators.