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Central Board of Direct Taxes (CBDT) | Limit of Rs 1 lakh per assessee till Assessment Year 2015-16 set for tax write-off

The CBDT order lays down the details of the scheme announced in the last budget which said tax demands for AY 2010-11 of up to Rs 25,000 and for AY 2011-12 to 2015-16 of up to Rs 10,000 will be withdrawn

Rajat mohanManeesh bawaNarayan jainAssessment yearCentral boardDirect taxesAndersen india partner maneesh bawaPending action responseOutstanding demandExtinguished demandIncome tax actWealth tax actGift tax actCentral board of direct taxes cbdtTax deductionTax deducted at source tds

Tax Collected at Source (TCS) | Onus of deducting Tax Collected at Source on standalone overseas hotel bookings should be on banks: MakeMyTrip

The government has said that from October 1, a 5 per cent Tax Collected at Source will be levied on tour packages up to Rs 7 lakh in a fiscal

Tajinder singhMakemytrip group viceTax collectedTax collected at source tcs

No TCS On International Credit Card Payments Abroad: Centre Scraps New Rule

Payments made by using international credit cards (ICC) during overseas visits will not attract Tax Collected at Source or TCS, as per the latest notification issued by the Finance Ministry.

Bank liberalised remittance schemeForeign exchange management current account transactionsInternational credit cardsCentre scraps new rule internationalInternational credit card spendsInternational credit card spends abroadCentre scraps new ruleTax collectedForeign exchange managementCurrent account transactionsReserve bankLiberalised remittance schemeTcs on international credit card paymentsTax collected at source tcsCredit card spendsFinance ministry

Tax Collected at Source (TCS) | 20 per cent tax collected at source to apply on pre-paid forex cards beyond Rs 7 lakh from October 1

The finance ministry on Wednesday deferred by three months the implementation of a higher TCS rate of 20 per cent on expenditures made under LRS and overseas tour packages till September 30

Tax collected at source tcsLiberalised remittance scheme lrsForex cardsFinance ministry

credit cards | Liberalised Remittance Scheme not to cover expenses on international credit cards: Centre

Also, the implementation of a higher rate of tax collected at source (TCS) of 20 per cent on overseas remittances under LRS, like tour expenses, has been deferred by three months

Liberalised remittance schemeFinance billAccount transaction rulesReserve bankCredit cardsTax collected at source tcs

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