Budget 2026 has made CBDT guidelines mandatory for all property TDS and transaction participants. This move aims to prevent disputes and li...

The Budget adopts a measured approach to personal taxation, prioritising structural improvements over immediate tax relief. Through legisla...

Union Finance Minister Nirmala Sitharaman's eighth Budget emphasizes tax reforms to benefit businesses. Key updates include tax breaks for ...

There are a variety of TDS provisions applicable with different rates and different thresholds. There are about 33 Sections in the Income- ...

Finance Minister Nirmala Sitharaman announced an extension for filing updated returns to four years. She proposed exemptions of TCS for edu...

Budget 2025: The Union Budget 2025 presents a crucial opportunity to streamline and simplify TDS and TCS rules, enhancing clarity, reducing...

Union Budget 2025 expectations: FICCI proposed simplifying India's tax structure and supporting women's workforce participation for the Uni...

The Income Tax Department has increased the minimum thresholds for filing appeals in tax disputes. Appeals can now be filed only if the dis...

Budget 2024: India's Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25 on Tuesday, impacting India Inc. Key points...

EY recommends significant tax reforms in the upcoming Budget, urging the government to double the standard deduction under the new concessi...

CBDT broadens appeal scope for tax authorities without monetary limits for specific cases, including TDS/TCS and undisclosed foreign income...

The Interim Budget 2024, will be presented by the finance minister, Nirmala Sitharaman, on February 1, 2024. A few key steps as suggested b...

Budget 2024: There are several tax deducted at source (TDS) provisions with different thresholds and multiple rates. This has created a TDS...

In detailed guidelines, the CBDT said TCS will be collected on the gross amount charged to the customer. In case the buyer receives a disco...

As announced by the government in a press conference, the due date for all income-tax return (ITR) for FY 2019-20 has been extended from Ju...

The 'Vivad se Vishwas' Scheme aims at dispute resolution in respect of pending income tax litigation in order to reduce pending litigation,...

In the budget, FM had proposed to levy TDS on transfer of immovable property, in a bid to tighten screw on corruption and black money in th...