The Income-tax department is scrutinizing social media content creators, script writers, and consultants who have filed returns under Secti...

New Financial Year 2025, new tax laws: Today marks the beginning of the new financial year 2025-26. With the new year, a lot of changes are...

Budget 2025: Increase in TDS threshold from Rs 2.4 lakh to Rs 6 lakh under section 194-I. Do note this is relevant for persons other than i...

Union Budget 2024: Now you will have to pay a lower percentage of tax deducted at source (TDS) on house rent payments exceeding Rs 50,000. ...

With the start of the new year, it is important to remember important deadlines for the year. Knowing the last dates well ahead of time can...

Experts believe that the move will help the online gaming industry to build a distinct identity for itself without getting clubbed with bet...

The government has amended various provisions of the Income-tax Act to make it business-friendly for smal businesses and professionals. How...

Having a tenant is not a complicated process, but people often get stuck when they think about leaving their house to an NRI. Here we tell ...

While the CBDT had issued a set of guidelines in June with regard to the applicability of the newly introduced section 194R in the Income T...

"In a peer-to-peer (ie buyer to the seller without going through an Exchange) transaction, the buyer (ie person paying the consideration) i...

From July 1, tax deducted at source (TDS) of 1 per cent will be levied on payments towards virtual digital assets or cryptocurrencies beyon...

The government has amended the laws on withdrawing cash exceeding Rs 20 lakh from his/her bank account in a financial year. The law was ame...

Effective from April 1, 2021, the TDS and TCS rates on these non-salary payments will be back to their original (higher) levels. Given belo...

The government has lowered the TDS and TCS rates by 25% on non-salaried payments effective from May 14, 2020, till March 31, 2021. The deci...

The rate at which the tax has to be deducted is 5% unless the payee has obtained a lower withholding tax certificate from the department.

The Budget proposes to exempt TDS on interest income up to Rs 40,000 against Rs 10,000 earlier on FDs.

The existing provisions of section 194-I of the Act provide for TDS at the time of credit or payment of rent to the payee beyond a threshol...