tax deducted at source (tds)

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    Income Tax Dept. Announces TDS Deductions on Bank Interest

    Banking Companies to Deduct TDS Only Above Threshold, Clarifies Income Tax Department Definition Under New Income Tax Act, 2025 Aligned With Banking Regulation Act New Delhi, March 30: The Income Tax Department on Monday clarified that banking companies governed by the Banking Regulation Act...
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    New Subscription Model Aims to Boost Crypto Access in India

    WazirX Launches Flat-Fee Subscription Model for Crypto Trading New Delhi, March 26 – Crypto exchange WazirX has introduced a new flat-fee subscription model as part of its platform relaunch, aiming to reduce trading costs for retail investors amid growing digital asset adoption in India. New...
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    LIC Challenges Income Tax Assessment for FY22

    New Delhi, March 25 – The Life Insurance Corporation of India (LIC) announced on Wednesday that it had received a substantial tax demand from the Income Tax Department for the financial year 2021-22.In a statement filed with regulatory authorities, LIC said that the Income Tax Department's...
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    Income Tax Department Raises Tax Demand Against LIC

    New Delhi, March 25 – The Life Insurance Corporation of India (LIC) announced on Wednesday that it had received a substantial tax demand from the Income Tax Department for the financial year 2021-22.In a disclosure in a regulatory filing, LIC stated that the assessment unit of the tax...
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