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APPLY FOR NIL TDS
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...- 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...
- Form 121 for EPF members: EPFO clarifies who needs to file new form instead of Forms 15G, 15HThe Employees’ Provident Fund Organisation (EPFO) has replaced Forms 15G and 15H with a single Form 121, effective April 1, 2026, under the...
- Turning 60 this year? Senior citizen can file Form 121 to prevent TDS for the Tax Year 2026-27; Check how to avail and key details herePeople turning 60 at any point during the financial year can now claim senior citizen benefits for the full year while filing the new Form ...
- 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...
- Now request for nil or lower TDS deduction for property and other transactions via this new form as per Income Tax Act, 2025; See what’s changedThe Income Tax Act, 2025, introduces new Form 128 for applications requesting nil or lower Tax Deducted at Source (TDS) on property and oth...
- Nil deduction certificate for small taxpayers, announced in Budget 2026Finance Minister Nirmala Sitharaman unveiled a new scheme for small taxpayers. This initiative will allow them to get lower or nil tax dedu...
- NRI property sellers lose lakhs to TDS delays; why Budget 2026 must step in to simplify the tax rulesComplex tax regulations for Non-Resident Indian (NRI) property sellers are causing significant fund blockage, with 12.5% to 31.2% of sale p...
- I am an NRI and I have inherited property in India. Can I sell it from abroad and what will be the tax implications?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
- New Tax Bill 2025: No Nil TDS certificate for all taxpayers including NRIs; What does it mean for Indians and NRIs?New Income Tax Bill, 2025 has removed the concept of nil TDS certificate. This means now only a lower TDS certificate is possible, so non-r...
- Time to act for lower TDS deduction: Form 15E, Form 13 for FY 2024-25 will stop after March 15, 2025; file it nowLower or nil TDS: The tax department has enabled online filing of Form 13 and Form 15E on the TRACES portal. These forms help all taxpayers...
- No late fees for filing GSTR-7 after deadline; Here’s why these taxpayers still need to file it to avoid serious consequencesGSTR-7 due date: New advisory by GSTN says even if the due date for filing GSTR-7 is missed, taxpayers filing a 'Nil' GSTR-7 return will no...
- Budget 2024 proposed 10% TDS on government bonds: You can still pay lower or zero TDS with this certificateTDS on government bonds: Budget 2024 imposed a TDS on interest income earned from government bonds. Atul Puri, SW India says, "In a case wh...
- 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...
- Tax deducted on NRIs income: CBDT changes process to get nil TDS certificateAny payment to a Non-Resident Indian (NRI) is subject to deduction of TDS. However if the NRI wants the rate of TDS deduction to be made at...
- How NRIs can get lower, nil TDS certificate from income tax departmentEvery rupee earned by an NRI in India is subject to TDS. The TDS is applicable on every payment earned or accrued. These include rent payme...
- NRIs cannot submit Form 15G/H: What can they do to lower TDS on income from India?Any income earned by Non-Resident Indian (NRI) in India is subject to tax in India. The incomes are credited into the NRI account after TDS...
- Govt extends validity of lower withholding tax orders by 3 months till June due to COVID-19The Central Board of Direct Taxes (CBDT) in its order gave a major relief to taxpayers whose application for lower or nil deduction of TDS/...
- I-T department allows manual filing by resident, NRI taxpayers for nil or lower TDS certificateIncome Tax Rules (Rule 28, Rule 28AA, Rule 28AB, 37H, 37G) govern the mechanism for issuance of certificate for deduction of tax at lower/ ...
- Not quoting PAN will increase your tax outgoEvery person whose total income exceeds the maximum amount which is not chargeable to income tax is required to obtain a Permanent Account ...
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