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SECTION 194Q
NRI property sellers lose lakhs to TDS delays; why Budget 2026 must step in to simplify the tax rules- Income Tax Dept’s algorithm is misreading capital gains from unlisted shares as business receipts and sending intimations; Know what to do
- Intimidating tone by I-T dept, Karnataka CA body flags income tax intimations about AIS mismatch, property deal, foreign asset
- Paying Rs 55,000 rent on time could not save salaried taxpayer from Rs 1 lakh penalty for missing TDS, know whyAn individual faced a Rs 1 lakh penalty for not deducting TDS on monthly house rent of Rs 55,000. According to Section 194-IB, TDS at 2% mu...29 Jul, 2025, 10.48 AM IST
- ITR filing 2025: Excel utilities for ITR 1 and 4 for FY 2024-25 (AY 2025-26) released by Income Tax dept; Check who can fileThe Income Tax Department has released the Excel utility versions of ITR Forms 1 and 4 for AY 2025-26, enabling taxpayers to prepare for FY...30 May, 2025, 04.06 PM IST
- Relief for taxpayers in income tax search and requisition cases as government amends the Finance Bill 2025Income Tax: The govt said: "The word ‘total income’ has been replaced with ‘total undisclosed income’ in the marginal heading and in sub-se...02 Apr, 2025, 11.50 AM IST
- Don’t forget to deduct TDS before buying property even if the seller is NRI as buyer will risk being labelled as tax evaderTDS on house property: The Income Tax Department said to follow Section 194 IA which relates to Tax Deducted at Source (TDS) on buying a ho...02 Apr, 2025, 11.36 AM IST
- TDS limit for interest income of senior citizens doubled from Rs 50,000 in Budget 2025TDS limit in Budget 2025: Tax deducted at Source (TDS) rate has been rationalised. The limit for TDS for senior citizens is being doubled f...01 Feb, 2025, 12.25 PM IST
- TDS relief for salaried: From January 1, 2025 TDS statement will reflect the net TDS/TCS benefit on eligible incomeTDS on salary: Now salaried taxpayers will be able to see how much benefit of lower TDS they got in the TDS certificate statement from Q4 2...29 Dec, 2024, 10.17 AM IST
- Family offices & LTCG tax; blue skies for startups in the redHappy Thursday! The budget proposals on capital gains tax and angel tax removal create a favourable situation for millionaire family office...25 Jul, 2024, 07.23 AM IST
- I-T breather to help loss-making firms conserve working capitalLoss-making companies with high cash burn, including startups, would get a boost from a key amendment proposed to the Income Tax Act in the...25 Jul, 2024, 06.00 AM IST
- 13 ways the FM can simplify matters for income tax payers in interim Budget 2024: CIIThe Interim Budget 2024, will be presented by the finance minister, Nirmala Sitharaman, on February 1, 2024. A few key steps as suggested b...29 Jan, 2024, 11.37 AM IST
- How much TDS should be deducted on property purchased from NRITDS on the purchase of property from an NRI should be deducted from the sale value and the balance amount should be paid to the NRI seller.23 Aug, 2022, 04.54 PM IST
- TDS on crypto, VDAs: CBDT issues new circular on peer to peer transactionsThe Central Board of Direct Taxes (CBDT) has issued a further circular clarifying how TDS on virtual digital assets (VDA) and crypto will w...30 Jun, 2022, 11.31 AM IST
- Govt exempts TDS/TCS on transfer of assets by Air India to SPVIn a set of notifications, the Central Board of Direct Taxes (CBDT) has said that no TDS shall be deducted under section 194Q in case of tr...12 Sep, 2021, 04.13 PM IST
- States' fiscal deficit to moderate to 4.1 pc of GDP in FY'22: India RatingsIn line with the slight moderation in its forecast for fiscal deficit in FY22, the agency expects the aggregate debt/GDP ratio to come in l...27 Aug, 2021, 04.51 PM IST
- Businesses need not deduct TDS on share/commodity purchases via exchanges: CBDTWith effect from July 1, 2021, the income tax department has introduced a provision relating to Tax Deducted at Source (TDS)which would be ...04 Jul, 2021, 11.25 AM IST
- CBDT: TDS applicable on buyer-seller transactions above Rs 50 lakh from July 1, 2021The Board has clarified that threshold of Rs 50 lakh for triggering TDS shall be computed from April 1, 2021 and GST component will have to...02 Jul, 2021, 09.48 AM IST
- Buy-sell-hold recos on PI Industries post Q4 numbersPI Industries Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 39900.35 Crore) operating in Pesticide...20 May, 2021, 10.35 AM IST
- Income tax department amends TDS form, makes it more comprehensiveThrough a notification, the Central Board of Direct Taxes (CBDT) has amended Income Tax Rules to include TDS on e-commerce operators, divid...06 Jul, 2020, 10.15 AM IST
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