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
UAE residents investing in Indian mutual funds: Key Indian tax rules you must follow to claim India-UAE DTAA benefitsUAE residents investing in Indian mutual funds can claim tax benefits. They must obtain a Tax Residency Certificate (TRC) from the UAE. Fil...
31 Jan, 2026, 11.43 AM IST
GAIL to consider FY26 interim dividend on Jan 31; record date set for Feb 5. Check tax rulesGAIL India will consider an FY26 interim dividend on January 31, 2026, with February 5 as record date. Dividend payout follows approval, wi...
27 Jan, 2026, 06.17 PM IST
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...
19 Jan, 2026, 08.34 AM IST
Income tax bill 2025 changes: Commuted pension, house property income, nil TDS, and other changes, you should knowThe revised Income Tax Bill 2025, approved by the Lok Sabha, addresses drafting errors from the previous version, set to take effect on Apr...
14 Aug, 2025, 12.41 PM IST
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.
22 May, 2025, 10.30 AM 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
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
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
Post merger, how HDFC customers can get TDS certificate for ITR filingHousing Development Finance Corporation (HDFC), a mortgage lender, and HDFC Bank, a private sector bank, became a merged entity as of July ...
03 Jul, 2023, 05.22 PM 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
- 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