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TDS limit raised for seniors, rents and remittances

Finance Minister Nirmala Sitharaman on Friday proposed to double the limit for Tax Deduction at Source (TDS) on interest income for senior citizens to Rs 1 lakh, and also increase the threshold to......

100 missions in next 5 years? Why not, says ISRO

ISRO may have taken 46 years to achieve the 100-mission milestone but the country's space agency is now confident of scoring the next century in relatively quicker time--half a decade. IMAGE: ISRO......

SC summons CS, fin secretaries of 16 states over pay report non-compliance

The Supreme Court on Thursday summoned the chief secretaries and finance secretaries of 16 states for non-compliance with the Second National Judicial Pay Commission recommendations on the payment......

CBI books Oxfam India for FCRA violation, searches its office

The Central Bureau of Investigation (CBI) registered a first information report (FIR) against Oxfam India and its office-bearers for alleged violation of the Foreign Contribution (Regulation) Act......

Home ministry recommends CBI probe into NGO Oxfam India

The Union home ministry on Thursday recommended a Central Bureau of Investigation probe into the affairs of the Indian arm of the global NGO Oxfam for alleged violation of the Foreign Contribution......

Q4 result preview: Banks' net profit likely fell 4% on NIM pressure

Net profit of 19 listed banks is likely to decline by 4 per cent year-on-year (Y-o-Y) for the quarter ended March (Q4FY25) mainly due to pressure on net interest margins (NIM) as a result of rate......

ITR-B Targets Undisclosed IncomeReporting

Form ITR-B allows the assessee to claim TDS (tax deducted at source) and TCS (tax collected at source) credit against undisclosed income. Photograph: Jitender Gupta/ANI Photo The finance......

Net direct tax kitty rises 13% to Rs 21.26 lakh crore till Mar 16

Net direct tax collection grew 13.13 per cent to over Rs 21.26 lakh crore so far this fiscal aided by by higher advance tax mop up, government data showed on Monday. Illustration: Dominic......

Big relief in TDS deduction on rent from Rs 20K to Rs 50K per month

In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced an increase in the threshold for Tax Deduction at Source (TDS) on rent from Rs2.40 lakh per annum to Rs6......

No Of Nil Tax Returns Nearly Doubles In 5 Years

ITRs with zero tax liability have increased to 55.7 million in FY25. Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy Nataliya......

'India can reach top-50 of FIFA rankings in next 10 years'

'India boasts one of the largest pools of young talent globally. The focus should be on grassroots, talent identification.' IMAGE: The Indian football team is ranked 127th in the latest FIFA......

NCLT notice questions Byju's grade over BCCI petition

IMAGE: BCCI's counsel informed NCLT that a general notice was issued to Byju's through an e-mail dated January 6, 2023, with a default amount of Rs 158 crore, excluding TDS. Photograph: BCCI/X......

Wenger in India to help football development

IMAGE: AIFF President Kalyan Chaubey and Satyanarayan M, Acting SG, AIFF, welcome Arsene Wenger, Chief of Global Football Development, FIFA and FIFA TDS Team at the Football House in New Delhi on......

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