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TDS RULES AND REGULATIONS
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...
What crypto investors need to know for tax season 2026India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including tran...
Booked flats in 2005, still awaiting possession: Builder ordered to pay 10.05% interest to homebuyers for nearly 20-year delayThe Bombay High Court, in its ruling, said a builder can’t indefinitely retain purchasers’ money while failing to deliver homes. For the de...
Understanding India's evolving crypto discourseIndia is actively shaping its digital asset future. Authorities are implementing stricter rules for crypto platforms and transactions. Tax ...
Govt flags ‘high-risk’ crypto system in note to Parliamentary panelIndia's virtual digital asset sector is now high risk. Intelligence reports reveal extensive illegal activities including drug trafficking ...
Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
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...
Can your bank cut TDS on interest income? Income Tax Department clarifies Income-tax Act, 1925 ruleThe Income Tax Department has clarified eligible banks for TDS on interest under the new Income-tax Act, 2025, effective April 1, 2026. The...
Crypto traders dodging TDS via Binance under I-T lensOver the past few weeks, the Indian Income Tax department has been investigating whether the 1% TDS on crypto transactions via Binance has ...
TDS limit for interest income from bank FD hiked from Rs 40,000 in Budget 2025: Check detailsBudget 2025 proposes raising the TDS threshold on interest earned from fixed deposits by non-senior citizens from Rs 40,000 to Rs 50,000 pe...
Budget 2025: No relief for crypto investors, new compliance requirement introducedBudget 2025: The Union Budget 2025 keeps existing crypto tax rules unchanged, maintaining the 1% TDS and loss offset restrictions. Industry...
New amendments made to Foreign Contribution (Regulation) Rules, 2011On accounting treatment of TDS and its refund, the notice said, it is clarified that at the time of deduction, such TDS may be accounted as...
Crypto Tax: What investors need to knowFor a taxpayer, there are new schedules to be filled. Regular crypto traders with multiple transactions could find it all a bit overwhelmin...
India should consider reducing TDS rate on cryptocurrency trade: reportThe 'Impact Assessment of 1 per cent TDS on VDAs' report by Chase India and Indus Law said the crypto platforms/exchanges must also perform...
Crypto exchanges seek comprehensive regulationIndustry leaders said clear rules would help crypto players set clear operational boundaries and avoid regulatory misinterpretations, which...
TDS on crypto, new credit card rules, higher PAN-Aadhaar linking fine: 5 changes coming into effect from JulyThere will be a number of big financial changes in the month of July. Here are five monetary adjustments that will take effect in July.
New compounding guidelines worries expat directors of MNC subsidiariesEarlier, cos could get away with “compounding”, wherein they would pay additional taxes to avoid legal issues.
PFRDA scouting for tax consultant for 2016-17The selected consultant, it further said, will also update PFRDA about various amendments taking place in tax laws and rules, regulations, ...
- Tedious TDS regime for service tax
The imminent introduction of the GST will make the idea of TDS on services look even more ridiculous.