TDS News
How can tenants of NRIs apply for TDS reduction?
Tax must be deducted at the rate of 30% (plus applicable surcharge and cess) on the rent payable to an NRI landlord.
1 min read8 Dec 2024You can now use TCS credit to reduce the TDS on your salary. Here’s how.
Starting 1 October, salaried individuals can adjust tax collected at source (TCS) payments against the tax deducted at source (TDS) on their salaries, something they could previously do when filing their tax returns.
3 min read24 Oct 2024Is your landlord a non-resident Indian? Know your tax compliances.
Tenants of NRI landlords must set aside TDS from rent and transfer the amount to the government every month. Non-compliance can lead to interest, penalties, and legal repercussions.
3 min read13 Oct 2024TDS loophole closed: Budget brings in stricter rules for property transactions
As the new rule takes effect, both buyers and sellers must adapt to this change. Understanding the implications and complying with the regulations will be essential to avoid unexpected tax burdens.
2 min read2 Aug 2024Budget 2024: Taxpayers to get relief as TDS default rules proposed to be eased
Budget 2024 eases prosecution rules for TDS defaults, allowing up to 85 days for payments without facing prosecution but with applicable interest.
2 min read24 Jul 2024Budget 2024: Nirmala Sitharaman announces 10 Key things to look out for in TCS, TDS norms
Finance Minister Nirmala Sitharaman announced the simplification of taxation rules through the Tax Deducted at Source (TDS) rate structure in the Budget 2024 announcement on Tuesday, July 23.
1 min read23 Jul 2024Income Tax Filing: Why should you file the income tax return even after paying TDS?
There is a difference between tax deducted at source (TDS) and filing income tax return. We explore the difference here.
2 min read26 Jul 2022Free samples to influencers to attract TDS from next month. An explainer
Doctors & influences will pay 10 percent TDS on freebies given to them such as free samples if value of gifts is over Rs 20,000
2 min read8 Jul 2022Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared