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TDS TREATMENT
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
Tata's iPhone parts factory faces India health probe after farmer contamination complaintsA health probe is underway into liquid discharge from Tata's iPhone parts factory in Hosur. Farmers report skin issues and contaminated far...
Indian crypto traders are moving to futures. Here's where the math actually worksWazirX Futures brings direct INR access, the lowest fees in the domestic market, and built-in risk guardrails to a segment that has quietly...
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
8th Pay Commission news: Defence employee body demands new inflation index to calculate 8th CPC DA, DR, revised payThe All India Defence Employees’ Federation (AIDEF) has urged the 8th Pay Commission to replace the AICPI-IW-based inflation measure with a...
Water supply problems continue in Delhi; Yamuna's level at Wazirabad lower than required normalDelhi is experiencing water shortages across several areas. The Delhi Jal Board's water production is significantly below its summer target...
Pension is salary, family pension is not: Key tax rules pensioners must know before filing ITR for AY 2026-27Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...
How new online gaming rules will change your income tax and legal exposure depending on the kind of game you playAn online game is any game played on a phone, laptop, or digital device, operated through software using the internet or any form of electr...
FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
New ITR forms for AY 2026-27: NRIs opting for new presumptive income scheme have to make this separate disclosure additionallyNew ITR forms for AY 2026-27 mandate Non-Resident Indians (NRIs) opting for the presumptive income scheme to separately disclose gross rece...
Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changedNew tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for educatio...
The tax tweaks that you need to be aware of if you're planning to study or travel abroadThe Indian government’s Budget 2024 proposed lowering Tax Deducted at Source (TDS) on salaries, helping individuals who have paid Tax Colle...
Tax on drinks at gala nights! New TDS rules can mess up your tax mathSection 194R - that comes into effect from July 1 - provides that if any 'person' (barring those excluded) provides any benefit or perquisi...
NRI Budget wish list: Four things Indians abroad are hoping for this yearIndians working or living abroad are hoping for some long-pending changes in the Finance Bill this time.
How NRIs can avoid tax troublesThe tax rules for NRIs are quite different from those that apply to resident citizens and are subject to very elaborate tax reporting.
Indian tax laws give NRIs a raw dealInstead of trying to attract NRIs to invest in India, the tax laws deny them the benefits that are available to resident Indians.
- Ramesh launches green tech for leather units
To protect the Ganga from pollution, Union minister of state for environment and forests Jairam Ramesh on Sunday launched a green technolog...
- Third party administrators under watch for TDS default
Third Party Administrators have come under the Income-Tax department’s scanner for not deducting tax at source (TDS) on the payments they m...
- Goods dealers need not pay TDS on discounts
Manufacturers offering discounts to their dealers need not cut TDS (tax deducted at source) on them. Instead, TDS would only apply on the c...