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SECTION 194S
Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to doTenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...- India needs to remove tax friction for more FDIIndia is looking to boost foreign investment by reforming its tax system. Recent proposals aim to simplify taxes on foreign holdings. The c...
- May 2026 income tax calendar: Important TDS, TCS deadlines and other due dates explainedTaxpayers, mark your calendars for May 2026! Crucial compliance deadlines loom, including TDS/TCS deposits for April and certificate issuan...
- FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR 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...
- Income Tax Dept’s algorithm is misreading capital gains from unlisted shares as business receipts and sending intimations; Know what to doTaxpayers are receiving incorrect mismatch alerts from the Income Tax Department. The department's automated systems are misreading capital...
- How to download Form 26AS for ITR filing FY 2024-25 (AY 2025-26)?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...
- Paying rent above Rs 50,000? You can be classified as assessee in default by income tax dept if you fail to deduct TDSTDS 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...
- 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...
- Income tax on crypto currency: How did budget 2025 impact the taxation on virtual digital assets?Budget 2025: Income tax on cryptocurrency transaction. After Budget 2025 there is no change in taxation of cryptocurrencies as they continu...
- Budget 2024: Now you can’t escape TDS on sale of house property of over Rs 50 lakh by splitting the sale valueUnion Budget 2024: Now the aggregate value of a house property is to be considered for determining whether TDS is to be deducted on purchas...
- What is the TDS rate for salary, dividend, interest, house rent, cash withdrawal and other transactions for FY 2024-25Tax Deducted At Source (TDS): TDS is levied on many types of incomes like salary, house rent, virtual digital assets (VDA), etc. What is im...
- Relief for telcos: SC sets aside HC order on taxing sim card sale discountsThe Supreme Court granted relief to telecom companies, including Bharti Airtel and Vodafone Idea, by setting aside high court orders and ru...
- Income tax calendar 2024: Important tax-related dates you need to knowWith 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...
- TDS is applicable on interest earned from Mahila Samman Savings Scheme: CBDTThe Central Board of Direct Taxes (CBDT) has clarified by a way of notification that TDS under Section 194A will be applicable on the inter...
- Govt introduces two new sections in I-T Act to tax user income from online gamingExperts believe that the move will help the online gaming industry to build a distinct identity for itself without getting clubbed with bet...
- Govt gets Rs 60.46 cr tax from TDS on virtual digital assetsIn a written reply to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said CBDT conducts outreach/ awareness ...
- TDS on crypto, VDAs: CBDT issues new circular on peer to peer transactionsThe Central Board of Direct Taxes (CBDT) has issued a further circular clarifying how TDS on virtual digital assets (VDA) and crypto will w...
- CBDT: Buyer to Deduct Tax in P2P Virtual Asset Exchange"In a peer-to-peer (ie buyer to the seller without going through an Exchange) transaction, the buyer (ie person paying the consideration) i...
- CBDT notifies TDS disclosure requirements for cryptos, virtual digital assetsFrom July 1, tax deducted at source (TDS) of 1 per cent will be levied on payments towards virtual digital assets or cryptocurrencies beyon...
- From Sept 1, individuals must deduct TDS on payments to contractors, professionals: Know all about itThe rate at which the tax has to be deducted is 5% unless the payee has obtained a lower withholding tax certificate from the department.
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