Tax Deducted at Source (TDS) is a concept that was introduced by the Government of India to prepone tax collection and curb tax evasion, by collecting tax from the very source of income. This “pay as you earn” measure of tax collection is a regular source of revenue to the Government, and provides for a wider tax base.
Chirag Nangia, Nangia & Co LLP contributed an article on Should you deduct tax at source (Full page article)for Hindu business Line special issue on Guide to Taxation.
A new scheme, called the Centralised Communication Scheme (CCS) 2018, has been notified by the Central Board of Direct Taxes (CBDT). It aims to issue the tax-related notices in a centralised manner. The notices are likely be about furnishing information or documents and verifying the information.
Chirag Nangia, Nangia & Co LLP
shares his views on aforementioned story for Livemint.
Bitcoins or cryptocurrencies are new buzzwords both for investors and tax authorities. While investors are fascinated by an exponential increase in its valuation over the past few years and find it as an alternative investment vehicle for multiplying their investments, profits from investments made in Bitcoins have attracted the attention of tax authorities in India.
Chirag Nangia and Shailesh Kumar, Director
contributed an article on Are you investing in Bitcoins? Get ready for multiple tax implications for Financial Express.