Tag: tax
ITAT rules consultant doctors’ remuneration not salary, exempts it from TDS
The Income Tax Appellate Tribunal (ITAT) in Chennai, India, made a significant ruling recently. The bench held that remuneration paid to consultant doctors is...
CBDT issues circular on TDS collection for FY 2022-23
The Central Board of Direct Taxes (CBDT) issues a circular that explains the deduction of TDS from salaries. The board said that income tax...
14% tax benefit on NPS for state government staff
As per the Union Budget 2022, employees of state governments will enjoy tax benefit of 14% on the National Pension Scheme (NPS) contribution made...
No tax on amount received from employer for COVID treatment
As per the amendment of Section 56 of the Income Tax Act, via the Finance Bill, 2022, any amount received by an employee from...
Leaving job without serving notice period? Pay 18% GST on recovered...
Henceforth, employees who quitting the job without serving the notice period will have to pay 18 per cent goods and services (GST) tax on...
Post-COVID, remote working should to be taxed: Deutsche Bank
Strategists and Deutsche Bank have proposed a five per cent tax for those who permanently work from home, because of company policy and not...
Expanded UBIT law repealed in the US, big win for social-service...
The American Society of Association Executives (ASAE) won a massive victory when the US Congress repealed a section of a 2017 law that required...