SpiceJet says no default on TDS obligations

Last Updated: Wednesday, July 22, 2015, 21:55

With a Delhi court summoning SpiceJet and its former executives in income tax cases, the budget carrier Wednesday said it has not defaulted on any tax-deducted at source (TDS) obligations.

Unions question TDS on PF withdrawals, want order on hold

Last Updated: Friday, May 22, 2015, 17:23

Opposing the government's decision to deduct tax at source on pre-mature PF withdrawals, trade unions on Friday said they will ask the Labour Ministry to put the EPFO order in this regard on hold.

Direct Tax collections marginally short of target in 2014-15

Last Updated: Tuesday, May 5, 2015, 16:26

Direct tax collections touched Rs 6,96,200 crore during 2014-15 despite difficulties on the economic front, marginally falling short of the target.

I-T dept collects Rs 6.96 lakh cr revenue during 2014-15

Last Updated: Sunday, May 3, 2015, 15:59

The achieved collections are about Rs 9,000 crore or 14 percent short of the projected target of Rs 7,05,000 crore.

Failure to deposit TDS on time will attract penalty

Last Updated: Wednesday, June 5, 2013, 18:18

Failure to deposit timely and correct TDS or TCS will now attract a penalty ranging from Rs 200 to Rs one lakh by the Income Tax department.

I-T to scan salary slips of top executives for TDS

Last Updated: Monday, June 3, 2013, 18:16

Income Tax department has decided to scan the salary structure of top executives of large corporates and PSUs to examine hidden tax opportunities in the perks and reimbursements made to them.

I-T to initiate action against big TDS defaulters

Last Updated: Sunday, March 10, 2013, 09:07

The Income Tax department has decided to crack the whip on big companies and organisations that do not remit TDS money even after deducting it from their workers' salaries.

Chidambaram to launch CPC (TDS) on Saturday

Last Updated: Friday, February 22, 2013, 19:31

Finance Minister P Chidambaram will launch the Centralised Processing Cell for Tax Deducted at Source (CPC-TDS) tomorrow, a move likely to ease the compliance procedure for taxpayers.

Nokia raided by I-T dept for alleged tax evasion in Chennai

Last Updated: Tuesday, January 8, 2013, 18:10

Sources said the I-T department is looking for some alleged mismatch in payments made by the company under the Tax Deducted at Source (TDS) category.

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.