Tax Guru20h
Analysis of Section 194T of Income Tax Act 1961: TDS on Payments to Partners
Tax Deduction at Source on Payments to Partners. I. Executive Summary. Section 194T of the Income Tax Act, 1961, effective fr ...
What Are The Key Changes In The TDS Rules Coming Into Effect From April 1 & Who Will Benefit The Most?
TDS at a rate of 5% will only be withheld starting on April 1, 2025, if the total amount of insurance commission paid to an ...
New TDS rules in FY26: How tax deduction on FDs, lottery wins will be calculated from April 1; details here
Senior citizens are now eligible for a TDS exemption on interest income of up to Rs 1 lakh annually, marking a substantial ...
Income tax hack: Do this by 31 March to avoid interest on advance tax shortfall
Missing advance tax deadlines can lead to unnecessary interest charges. A simple declaration to your employer can help salaried individuals save money and stay tax-compliant—here’s how ...
New TDS, TCS rules 2025: Key changes impacting income taxpayers starting April 1. All you need to know
One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme (LRS), which has ...
India Today on MSN6d
TDS rules from April 1: Higher tax-free limits on FD interest, lottery
To benefit senior citizens, the government has doubled the TDS threshold for interest income from Rs 50,000 to Rs 1 lakh.
Tax Guru13h
Interest and late fee leviable for non-deduction of TDS for site allotted by Bengaluru Development Authority
Karnataka High Court held that interest under section 201 of the Income Tax Act and late filing fee under section 234E leviable for non-deduction of TDS from sale consideration paid to Bengaluru ...
FD interest rate up to 7.75% for senior citizens investing in FDs for 10 year tenure; Know the list of banks
Senior citizens investing in bank FDs can get up to 7.75% for ten years tenure at various banks like Axis Bank, IndusInd Bank ...
What are major changes in TDS and TCS rules from April 1? Here's what taxpayers must know
India's taxation system is an evolving structure aimed at economic growth and equitable revenue distribution. With continuous ...
Bangalore Mirror2d
BM Finance Fundas: DA hike likely for central government employees
This means investors can effectively manage this TDS by calculating the right investment amount for a given interest rate, ensuring it remains within the annual interest threshold of TDS.