If the immovable property is partly financed by Bank/Lender, the TDS will be required to be deducted by the transferee on the ...

From April 1, 2025, the higher TDS rate for non-filers (as per Section 206AB) will not apply under Section 194-IA ...

Form 16 is a certificate issued by an employer that provides details of the salary paid and the tax deducted at source (TDS) ...

The threshold TDS limit has been doubled for senior citizens from April 1, 2025. The interest income from fixed deposits (FDs ...

Partnership firms face a new reality as they are now required to calculate TDS on payments to partners exceeding ₹20,000.

ITO, the primary issue before the Income Tax Appellate Tribunal (ITAT) Mumbai was whether payments made by the assessee towards alternate accommodation and hardship compensation to tenants during a ...

Today, from 1st April, the new financial year (FY2025-26) has started. Let us tell you about the announcement made by Finance ...

Under the income tax law, a tenant who is living in a property and paying a rent of Rs 50,000 for it, he must deduct TDS of 2 ...

TDS threshold changes will increase limits on interest income, dividends, rent, and commissions. The updates aim to improve ...

Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) ...

As per revised TDS rules, TDS exemption amount on FD interest has been increased to Rs 50,000 for individuals, and Rs ...

HRA is a component of salary provided by employers to employees to help cover rental expenses. Employees can claim HRA ...