Kerala HC clarifies banks are justified for not deducting TDS when Form 15H submitted.Court says Section 197A(1C) protects ...

The threshold limits under various TDS sections should be suitably revised. The threshold limits under various TDS sections should be suitably revised. Grant Thornton Bharat’s pre-budget memorandum ...

The Delhi High Court held that TDS for non-residents without PAN should follow DTAA rates, not the 20% rate under Section 206AA. The ruling confirms treaty provisions override procedural domestic ...

Buyers of property from Non-Residents must deduct TDS under Section 195, with rates up to 30% for STCG and 20% for LTCG, emphasizing the importance of compliance to avoid ...

The Indian Income-tax Act, 1961 (the Act) contains expansive provisions relating to tax deduction at source (TDS). These provisions mandate the withholding of certain percent of the amount paid / ...

Union Budget 2023 proposed several changes in Tax Deducted at Source (TDS) rules that will come into effect from the new financial year starting April 1, 2023. In its “Highlights of Finance Bill, 2023 ...

An employer issues this Form. It contains the evidence of TDS which is deducted from your salary and deposited with authorities. Issued annually on or before June 15 of every year, the Form contains ...

The Indian Income Tax Act lays down specific rules for deducting TDS (Tax Deducted at Source) on rent payments, especially ...

The Central Board of Direct Taxes (CBDT) has inserted a new Section 194Q in the Income-tax Act 1961 on Wednesday, 30 June. It applies to buyers, who are responsible for paying any sum to any resident ...

New TDS rule for non filers explained. TDS Payment Rules 2021: There is more penalty in store for non-filers in the new Financial Year starting from April 1 ( Thursday). The Finance Act 2021 recently ...