'Taxpayers paying twice...': Expert flags TDS credit anomalies under new Income Tax Act

While the new Income-tax Act promises clarity and simplicity, several procedural rules remain stuck in the past. Expert warns ...

Many property sellers have to pay 3.5 times more TDS and TCS due to issues with Income Tax TDS, TCS rules; Five such I-T rules need overhaul

There is a problem with the Income Tax law due to which in immovable property sale cases, Taxpayers especially NRIs may face both TDS and TCS depending on how the sale proceeds are handled. The ...