FCNR 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...

Taxpayers are receiving incorrect mismatch alerts from the Income Tax Department. The department's automated systems are misreading capital...

The I-Tax Department has extended the last date for filing ITR from July 31, 2025, to September 15, 2025, for FY 2024-25. Verifying Form 26...

TDS on rent: According to a Income Tax Department brochure, Form 16C is a TDS certificate issued by a tenant to a landlord for rent payment...

TDS 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...

Budget 2025: Income tax on cryptocurrency transaction. After Budget 2025 there is no change in taxation of cryptocurrencies as they continu...

Union Budget 2024: Now the aggregate value of a house property is to be considered for determining whether TDS is to be deducted on purchas...

Tax Deducted At Source (TDS): TDS is levied on many types of incomes like salary, house rent, virtual digital assets (VDA), etc. What is im...

The Supreme Court granted relief to telecom companies, including Bharti Airtel and Vodafone Idea, by setting aside high court orders and ru...

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...

The Central Board of Direct Taxes (CBDT) has clarified by a way of notification that TDS under Section 194A will be applicable on the inter...

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

In a written reply to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said CBDT conducts outreach/ awareness ...

The Central Board of Direct Taxes (CBDT) has issued a further circular clarifying how TDS on virtual digital assets (VDA) and crypto will w...

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