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Banks can deduct higher TDS for these customers
The new provisions will be applicable to purchase of goods, increased TDS rates for non-filers, and the pension of senior citizens
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Businesses need not deduct TDS on share/commodity purchases via exchanges: CBDT
I-T department said it had received representations about practical difficulties in implementing TDS provisions in case of transaction via exchanges
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Nine stories that created an impact on your wallet this week
Here's a look at some of the top personal finance stories of the week by Money9's editorial team
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TDS-related rules to change from Jul 1; here are the details
The new rules are expected to make the society more tax complaint and also make sure to facilitate this process easily
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Recurring Deposits: Nine reasons why you should consider it
Recurring deposits: Investment planners feel that RD is a basic investment instrument and one can start one even with his/her pocket money
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Didn't file ITR for last 2 years? Be ready to pay higher TDS
Budget 2021 had brought in a provision which mandated that non-filers of ITRs for past two fiscal years would be subjected to higher TDS
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Need emergency fund from EPF or PPF? Know tax implications
Both EPF and PPF are government-guaranteed savings instruments for the salaried and the self-employed
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Net direct tax mop up doubles to more than Rs 1.85 lakh cr
Gross collection of direct taxes for this fiscal stood at Rs 2.16 lakh crore, versus Rs 1.37 lakh crore in corresponding period of last year
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Fixed deposits: Top-5 banks giving higher interest rates
The interest earned on a FD is fully taxable. It is considered a part of total income and taxed as per the applicable tax slabs
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These forms will save you from unnecessary tax deduction at source
Filing of Form 15G and 15H can ensure that no tax is deducted at source by the banks on the interest paid on fixed deposits
