Tue, Jun 20, 2023
The I-T department is in talks with the RBI and other stakeholders to firm up a mechanism for distinguishing whether the expense is towards medical/education which attract a 5 per cent TCS or for other purposes on which a 20 per cent Tax Collection at Source (TCS) would be levied, they added.
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Sun, Mar 31, 2019
Social Media may soon come under the eyes of the Income Tax Department of India, to grab tax thieves and defaulters in the country. The IT department has initiated 'Project Insight' to bring tax thieves and people, who pose rich on social media, under surveillance.
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