New TDS, TCS rules 2025: Key changes impacting income taxpayers starting April 1. All you need to know
One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme (LRS), which has ...
Income Tax dept to crack down on TDS/TCS defaulters; targets 40,000 taxpayers
The income tax department is set to crack down on individuals and businesses that have failed to deduct and deposit TDS/TCS. Approximately 40,000 taxpayers from FY22-23 and FY23-24 are under scrutiny.
Indiatimes13d
Taxpayers take note! Crack down against 40,000 TDS/TCS defaulters planned by Income Tax department
The Income Tax Department is set to launch a nationwide action against nearly 40,000 taxpayers who have failed to deposit their TDS/TCS. A 16-point strategy has been devised, leveraging data ...
Big Tax Crackdown! IT Dept Targets 40,000 TDS Defaulters – Are You on the List?
The Income Tax Dept is investigating 40,000 taxpayers for TDS non-compliance using data analytics. Learn about penalties, new rules, and compliance measure, Personal Finance News - Times Now ...
India Today on MSN14d
Failed to deposit TDS? Tax officials may be knocking soon
Around 40,000 taxpayers are under scrutiny for potential defaults in tax deductions for the financial years 2022-23 and 2023-24.
New Income Tax Bill 2025: Six aspects to take note - is it a zero-sum game?
It introduces a taxpayer's charter, merges TDS/TCS sections, and aligns terminology with international norms. Likely effective from April 1, 2026, it promises streamlined processes without major tax ...
BW Businessworld13d
Income Tax Dept To Crack Down On 40,000 TDS/TCS Defaulters
The Income Tax Department is set to initiate a nationwide crackdown on individuals and businesses that have failed to deduct ...