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
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...
07 Apr, 2026, 02.31 PM IST
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...
11 Feb, 2026, 11.09 AM IST
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...
03 Feb, 2026, 01.00 PM IST
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...
22 Apr, 2025, 12.03 PM IST
Don’t forget to deduct TDS before buying property even if the seller is NRI as buyer will risk being labelled as tax evaderTDS on house property: The Income Tax Department said to follow Section 194 IA which relates to Tax Deducted at Source (TDS) on buying a ho...
02 Apr, 2025, 11.36 AM IST
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...
01 Mar, 2025, 05.47 PM IST
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...
06 Aug, 2024, 10.59 AM IST
Budget 2024: NRIs expect simplified TDS compliancesInterim Budget 2024: Lately, there has been a heightened emphasis on deductors adhering to TDS (Tax Deducted at Source) regulations, and fa...
01 Feb, 2024, 06.54 AM 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
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...
06 Oct, 2023, 10.21 AM IST
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...
11 Apr, 2023, 08.37 PM IST
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...
11 Apr, 2023, 10.47 AM IST
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/...
31 Mar, 2020, 04.50 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
- Not quoting PAN will increase your tax outgo
Every person whose total income exceeds the maximum amount which is not chargeable to income tax is required to obtain a Permanent Account ...
01 Apr, 2010, 01.33 AM IST
- New Tax Code: Prepare for the TDS nightmare
The respite from TDS bite for small interest earners by submitting simple declarations will be a thing of the past under the new tax code. ...
27 Aug, 2009, 12.20 PM IST