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New income tax slabs, zero tax on income up to Rs 12 lakh, 9 other income tax laws effective from April 1, 2025New 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...- 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...
- LIC asks shareholders to update PAN, bank details by this date to avoid higher TDS on dividendsAttention LIC shareholders: Shareholders are advised by the Life Insurance Corporation of India (LIC) to update their Permanent Account Num...
- 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...
- Missed ITR filing for FY 2021-22? You may be liable for higher TDS in current FY 2023-24The Union Budget 2022 has amended the existing laws after which missing ITR for even one year can lead to higher TDS/TCS in future financia...
- Relief for these non-ITR filers from higher TDS in budget 2023Union Budget 2023 has proposed to change the definition of "specified person" in sections 206AB and 206CCA of the Income tax Act, 1961, to ...
- You may have to pay higher TDS if you missed ITR deadline last year; how banks can check if you are a 'specified person'If you failed to file an ITR for the fiscal year 2020-21 (assessment year 2021-22), increased TDS may be applied to certain profits you wil...
- Non-ITR filers will face higher TDSAccording to the circular, if the ITR was not filed for the relevant previous fiscal year and the aggregate TDS and tax collected at source...
- Did not file income tax return for FY 2020-21? You may be liable for higher TDS, TCS from Apr 1The law for higher TDS, TCS in case of not filing ITR was announced in Budget 2021 and amended in Budget 2022. If an individual does not fi...
- Missing ITR filing for even 1 year can lead to higher TDS: Budget 2022The higher TDS/TCS law was announced in Budget 2021 and became effective from July 1, 2021. Higher TDS and/or TCS is applicable to those in...
- Facing higher TDS due to non-filing of ITR? Here's how to get out of the listThe income tax department has created a list of persons (called specified persons) for whom this higher rate of TDS, TCS will be applicable...
- How banks, mutual funds and companies will check if you have filed ITRDeductors of TDS/TCS like banks, mutual fund houses etc can now check if you have filed ITR when your income crosses the TDS limit from Jul...
- New TDS/TCS regime from July 1 - are you ready?The new provision coming into effect requires both sellers and buyers to undertake due diligence w.r.t. tax return filing status of the oth...
- Banks to check if you have filed ITR when income crosses TDS limit from July 1, levy 2X TDS if notThe objective of this newly inserted provision in the Income-tax Act, 1961 is to ensure that ITR filing compliance is fulfilled by the taxp...
- CBDT issues functionality to ascertain specified persons for TDS/ TCS complianceDeductors or collectors can use the functionality – Compliance Check for Sections 206AB &206CCA available on the reporting portal of the in...
- Income Tax dept functionality to identify 'specified persons' on whom higher TDS will be levied from July 1The Budget 2021 had brought in a provision which mandated that non-filers of income tax returns for past two fiscal years would be subjecte...
- 'BUY' or 'SELL' ideas from experts for Thursday, 12 June 2014ET Now spoke to various experts and here's what they have to recommend for today's trade.
- 'Buy' or 'Sell' ideas from experts for Monday, May 13, 2013ET Now spoke to various experts and here's what they have to recommend for today's trade.
- Top 20 trading ideas from ET Now experts for Thursday, January 03Indian shares are witnessing a rangebound session with positive bias led by gains in Dr Reddy’s Laboratories, Ambuja Cements, Cairn.
- Query corner: TaxVaibhav Sankla, Executive Director, Adroit helps with your tax planning.
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