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CBDT clarifies applicability of TDS liability for e-retailers on ONDC

As per the FAQ issued by the Central Board of Direct Taxes (CBDT), a 1 per cent TDS will have to be deducted from the gross sale amountNew Delhi: The income tax department on Thursday clarified the applicability of...

DPIIT-recognised startups not to face scrutiny under Angel Tax provisions of Budget 2023

The Income Tax Department had last month notified new angel tax rules for evaluating the shares issued by unlisted startups to investorsNew Delhi: Startups registered with DPIIT will not be subject to assessment proceedings relating to Angel Tax amendments...

No tax levy if cash payment for goods, services is less than Rs 2 lakh, clarifies CBDT

CBDT has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods or services is less than Rs 2 lakh, even when the...
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Smartsters opens shop-in-shop store at Crossword in Pune

Currently, the company plans to open over 10 shop-in-shop locations pan India Bengaluru: Kids’ furniture brand Smartsters has launched its...
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