Double tax trouble? Here are 5 changes that draft Income Tax Rules 2026 must addressDraft Income-Tax Rules 2026 aim for voluntary compliance but require crucial changes to prevent taxpayers from paying twice. Key issues inc...
Major TDS changes from April 1: Higher limits for interest, rent & dividendsFrom April 1, 2025, TDS threshold changes will increase limits on interest income, dividends, rent, and commissions. The updates aim to imp...
Budget has 10 big tax changes for India Inc: What you need to knowUnion Finance Minister Nirmala Sitharaman's eighth Budget emphasizes tax reforms to benefit businesses. Key updates include tax breaks for ...
Budget 2025: TDS, TCS rejig will offer relief to businessesThere are a variety of TDS provisions applicable with different rates and different thresholds. There are about 33 Sections in the Income- ...
Budget 2025 unveils bold roadmap for transformative tax reformsUnion Budget 2025: Finance Minister Nirmala Sitharaman, in her 2025-26 Budget, introduced significant tax reforms aimed at easing the tax b...
Govt to rationalise TDS to ease compliance burden, says SitharamanFinance Minister Nirmala Sitharaman has announced the rationalisation of the TDS regime to reduce the compliance burden while presenting th...
Govt to rationalise TDS to ease compliance burden, says SitharamanPresenting the Budget for 2025-26, she said tax proposals are guided by income tax reforms for middle class, TDS rationalisation, and easin...
What is the Indian crypto industry expecting from Union Budget 2025? Here's the wishlistAs Union Budget 2025 approaches, key voices in India’s cryptocurrency and blockchain industry are calling for tax reforms to foster growth,...
How Budget 2025 can help bring more NRI money back homeAs Budget 2025 nears, NRIs look forward to reforms aiming at simplifying TDS compliance, enhancing DTAA benefits, easing the repatriation p...
Will Budget 2025 make the tax math easier when buying property from NRIs?Homebuyers face complex tax compliance when purchasing property from NRI sellers, who require a TAN, e-TDS returns, and face restrictions o...
Budget 2024: What is needed to boost the crypto market in India?The crypto community anticipates Union Budget reforms including a 0.01% TDS rate, Rs 5,00,000 threshold, loss offsetting, and aligning cryp...
The impact of India's 1% TDS on Virtual Digital Assets: A call for reformIndia's 1% TDS and 30% tax on VDAs led to a 97% trading volume drop, 81% user decline, and migration to offshore exchanges. NALSAR and Meya...
Budget should double standard deduction, raise basic exemption to Rs 3.5 lakh under new tax regime: EYEY recommends significant tax reforms in the upcoming Budget, urging the government to double the standard deduction under the new concessi...
View: It's time to make TDS less tediousMillions of I-T returns are processed with such TDS credit being denied. Taxpayers then apply for online rectification, which also doesn’t ...
Budget 2016: NRIs without PAN not to be subjected to higher rate of TDS"It is proposed to amend the relevant provision to provide that on furnishing of alternative documents, the higher rate will not apply," th...
Easwar panel on Income tax for raising threshold for TDS deductionA high level panel on simplification of income tax laws today recommended raising the threshold limits for deduction of tax at source (TDS).
- CII seeks fiscal reforms for banking sector
CII has said there is need to initiate further fiscal reforms in the country's banking sector.