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...
19 Jun, 2026, 03.44 PM IST
Booked flat for Rs 24 lakh in 2010, paid Rs 40 lakh over time, still no possession in 2026; homebuyers awarded full refund and Rs 2.5 lakh compensation eachThe case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noi...
18 Jun, 2026, 11.00 AM IST
Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
12 Jun, 2026, 07.11 AM IST
Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to doTenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...
11 Jun, 2026, 01.29 PM IST
Can Rs 10 lakh in post office FD and Rs 10,000/month in RD build Rs 1 crore retirement corpus in 20 years?Interest rates may vary. If we talk about the post office, it offers a 6.7% interest rate on its RD, while its rate for the 5-year FD is 7....
09 May, 2026, 02.28 PM IST
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...
04 May, 2026, 06.30 AM IST
Highest 444-day FD interest rates from PSU banks: Which bank offers highest interest rate on 444-day fixed deposit scheme?Many leading PSU banks offer the 444-day FD at attractive interest rates to general, senior and super senior citizens. From State Bank of I...
24 Apr, 2026, 12.13 PM IST
New Form 141 introduced for TDS filing: 4 existing forms merged into one challan-cum-statementThe Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form sim...
14 Apr, 2026, 10.47 AM IST
60 TDS rules with 10 TDS rates make life difficult for taxpayers: Can Budget 2025 cut TDS rates to 3?Budget 2025: The Union Budget 2025 presents a crucial opportunity to streamline and simplify TDS and TCS rules, enhancing clarity, reducing...
23 Jan, 2025, 04.45 PM IST
Revised TDS rates from October 1: Here are the new tax deducted at source rates on various transactionsRevised TDS rates from October 1: The Finance Bill has ratified several important proposals from the Union Budget 2024, including revised T...
04 Oct, 2024, 01.38 PM IST
TDS rates reduced in Budget 2024: New tax deducted at source applicable on rent payments, insurance, purchase of MF units, sale of propertyTDS rates changed in Budget 2024: On July 23, 2024, Finance Minister Nirmala Sitharaman presented Budget 2024, which included several propo...
06 Aug, 2024, 11.07 AM IST
NRI to pay higher tax on these capital gains on assets such as listed equitiesBudget 2024 proposes a higher tax on certain capital gains for non-residents. However, it has also proposed to reduce on certain assets. Th...
23 Jul, 2024, 05.45 PM IST
Revised procedure for TDS certificates: What NRIs need to knowUnlike residents, NRIs cannot use Form 15G/H and must apply for a reduced or zero TDS certificate. The process involves submitting an onlin...
11 Oct, 2023, 11.19 AM IST
Rate of TDS on virtual digital assets shall be 1 per cent, clarifies government"Some media reports have come to the notice of CBDT claiming that the rate of TDS on Virtual Digital Assets(VDA) has been reduced to 0.1%. ...
08 Jun, 2022, 09.09 PM IST
Assocham suggests rationalisation of TDS in Union BudgetAssocham also said that at present, there are about 40 sections under the act dealing with TDS and in addition, there is a huge list of rul...
23 Dec, 2021, 06.28 PM IST
TDS, TCS cut: More funds for taxpayersThe finance minister also announced that the due date of all income tax (I-T) returns for assessment year 2020-21 will be extended to Novem...
19 May, 2020, 05.33 PM IST
How NRIs can claim TDS exemptionAny claim for reduced rate of TDS or exemption from TDS will be available only if you have a Permanent Account Number (PAN), so make sure y...
29 Nov, 2011, 05.24 PM IST