Don’t forget to deduct TDS before buying property even if the seller is NRI as buyer will risk being labelled as tax evader
The Income Tax Department has released a new brochure detailing Tax Deducted at Source (TDS) payment obligations for ...
New TDS rules for partnership firms: What you need to know
Partnership firms face a new reality as they are now required to calculate TDS on payments to partners exceeding ₹20,000.
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FD Tips: Now double profit on making FD in the name of elderly, no TDS deduction on income up to ₹ 1,00,000..
With the start of the new financial year (FY2025-26) on April 1, all the announcements that Finance Minister Nirmala ...
Failure to deduct tax under Section 194-IA may deem transferee as default
From April 1, 2025, the higher TDS rate for non-filers (as per Section 206AB) will not apply under Section 194-IA ...
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New TDS Rules From April 1: Changes Every Taxpayer Must Know
The Union Budget brought a few changes to TDS rules, which would benefit senior citizens, investors and salaried employees.
Claiming HRA exemption but tax not deducted? Income Tax Department sending notices - penalties explained
Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) ...
Income Tax dept sends notices for HRA claims without TDS deductions. Here's what you can do
Tenants must deduct 2% TDS if their monthly rent exceeds ₹50,000, if the landlord is a resident Indian and 31.2% if the ...
New vs old tax regime for TDS on salary: How salaried employees can choose the best tax regime for FY 2025-26
April is the month when your employer asks you to choose between the old and new tax regime for TDS on salary for FY 2025-26.
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Missed TDS on rent? Here's what tax department is doing
The law requires tenants to deduct TDS at 2% on rent above Rs 50,000 per month, in case the landlord is a resident Indian.
Will My Tax Be Deducted From April? TDS Under New Tax Regime Explained
Additionally, the new income tax regime will be the default option starting from April 1, 2025 for taxpayers. Those who wish to continue using the old regime (allowing deductions) need to opt in ...
Crypto traders dodging TDS via Binance under I-T lens
Over the past few weeks, the Indian Income Tax department has been investigating whether the 1% TDS on crypto transactions ...
Good news for Fixed Deposit Investors! TDS Limit on FD Interest Income Revised From 1 April; Know Details
As per revised TDS rules, TDS exemption amount on FD interest has been increased to Rs 50,000 for individuals, and Rs ...