Starting 1 October, salaried individuals can adjust tax collected at source (TCS) payments against the tax deducted at source (TDS) on their salaries, something they could previously do when ...

Summary: On October 9, 2024, the government issued Notification No. 25/2024-CT, bringing metal scrap supplies under TDS compliance in the GST framework. Effective from October 10, 2024, any registered ...

Copyright 2024 The Associated Press. All Rights Reserved. Pittsburgh Steelers wide receiver George Pickens (14) celebrates his touchdown reception against New York ...

PITTSBURGH (AP) — Russell Wilson sat at the podium, uniform still on, in no rush to move on from a moment he believed would always come. Even as the weeks passed and his aching calf struggled to ...

MINNEAPOLIS -- After falling behind 10-0, running back Jahmyr Gibbs gave the Detroit Lions a much-needed lift with a 45-yard rushing touchdown, the longest of his career. He exploded down the ...

The Central Board of Direct Taxes (CBDT) has introduced amendments to the income-tax rules, aimed at simplifying the process for salaried employees to claim credit for Tax Collected at Source (TCS) ...

CBDT has introduced Form 12BAA to enable employees to inform their employers about TDS and TCS from other income sources, aiding in reducing tax deductions from salaries and increasing take-home pay.

Form 12BAA to reduce TDS from salary: The Central Board of Direct Taxes has notified a new form called Form 12BAA. The new form notified by the CBDT will help an employee to tell the employer about ...

In the past, incidents were reported wherein wrong refunds had been claimed through various means such as wrong claim of TDS credit, under reporting of income, over stating of deductions, claim of ...

Detailed Clarification on Notification No. 25/2024-Central Tax– Applicability of Deduction TDS On Registered Persons Involved In The Supply Of Metal Scrap. Summary: The Ministry of Finance issued ...