12 key income tax form changes every taxpayer should know: From Form 16 to Form 168A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new fo...
08 May, 2026, 10.09 AM IST
TDS on Rent: How to get a refund for excess TDS deducted from house rent payments? Here’s a step-by-step guideTDS: If you are paying rent above Rs 50,000 then you need to deduct TDS at 2% rate from October 2024. But this rate of TDS was 5% earlier, ...
26 Apr, 2025, 08.33 PM IST
Investors, foreign travellers to get more cash in hand as Budget 2025 hikes TDS, TCS limitsBudget 2025 has proposed higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS). The new thresholds will aid ...
02 Feb, 2025, 03.19 PM IST
Money Matters: An NRI's guide to renting out property in IndiaNRIs renting out properties in India must manage taxes effectively. Rental income exceeding exemption limits requires filing an ITR. Compli...
30 Dec, 2024, 01.58 PM IST
Budget 2024 could expand AIS to include 6 more incomes of individualsThe government introduced the Annual Information Statement (AIS) in Budget 2021 to make it easier for individual taxpayers to check their f...
30 Jan, 2024, 10.26 AM IST
TDS, TCS rates cut to put cash in your hand but your tax liability remains sameA reduction in TDS, TCS rates does not mean reduction in the tax liability of the receivers of these payments/incomes.
15 May, 2020, 12.04 PM IST
Can I claim HRA exemption for rent paid for two locations?An individual can claim an exemption on house rent paid during the financial year. There are certain rules that must be followed to calcula...
25 Nov, 2019, 10.57 AM IST
What are Form 15G, Form 15H?Form 15G is for resident Indians under the age of 60, HUF or trust. While Form 15H is for resident Indians aged 60 years or above.
08 Apr, 2019, 10.27 AM IST
Budget 2019 hikes TDS limit for rent paid by non-individuals, move to help rental income earnersThis limit has now been increased to Rs 2,40,000 per annum. Essentially, this gives tax-related convenience relief to those who depend on r...
01 Feb, 2019, 07.19 PM IST
Take this tax quiz to find out how much you know about basic tax lawsFiling tax returns is very easy. Yet, a lot of taxpayers are not aware of basic rules. Take this quiz to test your knowledge of tax regulat...
13 Aug, 2018, 06.30 AM IST
Paid too much TDS? Here’s how you can get it backIf you were unable to make tax-saving investments or failed to inform your employer on time, you can get back the excess tax deducted if yo...
03 Mar, 2014, 09.11 AM IST
ET Wealth: Smart things to know: Tax deduction on HRAHRA forms a part of the salary structure offered to an employee. If one uses the tax benefits available on this component, it helps increas...
09 Jul, 2012, 07.06 PM IST
- Q&A: Tax
If your tenant is an individual who was carrying out a business or profession, the accounts of which were subjected to tax audit during the...
26 Jun, 2012, 03.32 AM IST
Budget 2012 should make TDS for NRIs less tediousTax deduction at source (TDS) is perhaps one of the biggest pain points for a Non Resident Indian’s (NRI) transactions. The budget could do...
27 Feb, 2012, 06.36 PM IST
- Q&A: Taxes
IT law does not prohibit from paying rent to parents; if one is actually actually paying rent to parents then he/she is eligible to claim H...
31 Jan, 2012, 06.22 AM IST
- Govt clears air on TDS on commercial rent
The government is considering allowing taxpayers to deduct tax at source (TDS) on rents after reducing the total outgo on service tax.
10 Apr, 2008, 01.52 AM IST
- Get ready to claim your TDS refunds
Experts from E&Y explain provisions and what needs to be done to check and claim back excess deduction.
15 Jan, 2007, 11.52 PM IST