CBDT
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CBDT clarifies applicability of TDS liability for e-retailers on ONDC
PTI -
As per the FAQ issued by the Central Board of Direct Taxes (CBDT), a 1 per cent TDS will have to be deducted from the gross sale amountNew Delhi: The income tax department on Thursday clarified the applicability of...
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DPIIT-recognised startups not to face scrutiny under Angel Tax provisions of Budget 2023
PTI -
The Income Tax Department had last month notified new angel tax rules for evaluating the shares issued by unlisted startups to investorsNew Delhi: Startups registered with DPIIT will not be subject to assessment proceedings relating to Angel Tax amendments...
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No tax levy if cash payment for goods, services is less than Rs 2 lakh, clarifies CBDT
PTI -
CBDT has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods or services is less than Rs 2 lakh, even when the...
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Haldiram Snack to invest Rs 300 crore in Bihar; will set up manufacturing plant
The manufacturing plant is expected to be operational by mid-2027Patna: Haldiram Snack, a leading player in the packaged food...
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