Searched for
TDS IN BUDGET
Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
Paying ₹50,000+ rent? Avoid heavy penalties—complete this TDS checklist before March 31, 2026
Paying high rent? Don't forget to deduct TDS before March 31, 2026 or you may face penalties and interestTenants paying more than Rs 50,000 in monthly rent must deduct TDS at 2% before March 31, 2026. This compliance is for the financial year e...
New TDS rules from April 1: Higher limit for tax deduction on FD interest, lottery wins; check its impactFrom April 1, 2025, the Union Budget 2025 introduces major TDS rule revisions, benefiting senior citizens with higher thresholds and simila...
60 TDS rules with 10 TDS rates make life difficult for taxpayers: Can Budget 2025 cut TDS rates to 3?Budget 2025: The Union Budget 2025 presents a crucial opportunity to streamline and simplify TDS and TCS rules, enhancing clarity, reducing...
Revised TDS rates from October 1: Here are the new tax deducted at source rates on various transactionsRevised TDS rates from October 1: The Finance Bill has ratified several important proposals from the Union Budget 2024, including revised T...
Revised TDS rates, STT, Aadhaar card rules: 6 income tax Budget 2024 changes applicable from October 1, 2024Budget 2024 tax changes: The 2024 Union Budget introduced some modifications regarding the Aadhaar card, STT, TDS rate, and the Direct Tax ...
TDS rates reduced in Budget 2024: New tax deducted at source applicable on rent payments, insurance, purchase of MF units, sale of propertyTDS rates changed in Budget 2024: On July 23, 2024, Finance Minister Nirmala Sitharaman presented Budget 2024, which included several propo...
Budget 2024 reduces TDS on life insurance policy payout from 5% to 2%, Now get a higher payout on these caseIn the Budget 2024 proposal, it has been announced that the payout from your life insurance policy will be higher due to a reduction in the...
Budget 2024: NRIs expect simplified TDS compliancesInterim Budget 2024: Lately, there has been a heightened emphasis on deductors adhering to TDS (Tax Deducted at Source) regulations, and fa...
Crypto industry asks Centre to rethink on proposed TDSThe industry also urged the government to reconsider the decision to levy a tax of 30% on current market value when crypto assets are gifte...
TDS on rent payment, property sale: Budget hikes penalty on delay in TDS certificate to Rs 500/dayA buyer of immovable property is required to deduct tax at the rate of 1% of the sale value and furnish the challan-cum-statement in Form N...
Govt proposes to tweak TDS norms on sale of immovable propertyAs per the Finance Bill, 2022, presented in Parliament along with the other Budget documents, the government proposes to amend Section 194-...
Budget 2022: Consequences for TDS shortfall are borne by the employee who has switched jobsThe Bombay Chartered Accountants’ Society (BCAS), in its pre-budget memorandum, has submitted: “Because of short deduction by the employer ...
‘5% TDS on life policy gains fair’A provision in the finance bill has revised the TDS on policies that do not qualify for exemption from income tax to 5% of the gain rather ...
Budget 2015: Should you worry about TDS being applicable to recurring deposits?The new rules come into effect from 1 June but banks are already witnessing a rush of investors prematurely closing their RDs and FDs.
Budget 2012: Pranab Mukherjee proposes TDS for purchasing immovable propertyPurchasing an immovable property generally involves running from pillar to post. Now, a home buyer (and seller) will need to run to the ban...