New TDS rules to apply on doctors, social media influencers from July

New Delhi: According to the new tax rules, freebies received from businesses for sales promotion by doctors and social media influencers will attract a 10 percent tax deducted at source (TDS)  from July

I-T return form to have designated column for crypto gains

New Delhi/IBNS: Income tax return forms will have a different column to mention earnings from cryptocurrency and paying requisite taxes, said Revenue Secretary Tarun Bajaj on Wednesday.

Submit Form 15G or Form 15H to avoid TDS on your Interest Income

It is mandatory for financial institutions to deduct TDS (Tax Deducted at Source) on interest income on investments exceeding Rs.10,000, or Rs.5,000, if you have a company FD. This limit has been extended to Rs.50,000 for senior citizens. Typically, the financial institutions deduct this tax, and you can adjust is later when filing your income tax returns or paying your tax amount.

A simple approach in learning about GST Payments :

Normally as soon as, you are done with GSTR-1 and GSTR-2, GSTR-3 asks you to proceed for GST payments. But upto 31-03-2018 GST needs to be paid along with GSTR-3B Return filing. (Amendments: Which has now been extended till June 2018). One can also claim refunds by filing online all the applicable refund forms.