TDS
Is TDS applicable when buying NRI property with capital gain below tax threshold?
The tax authorities are empowered to directly enforce the seller’s liability on the buyer.
2 min read30 Dec 2025Income Tax Refund: When is refund issued, partially adjusted and what are reasons for its failure? All you need to know
Several taxpayers who filed their income tax returns (ITR) in September for the Assessment Year 2025-26 are waiting for their refunds to be credited. Here's all you need to know about the process.
2 min read23 Dec 2025Govt considers tax exemption for Indian seafarers to promote Indian flagged ships
Indian seafarers number about 320,000 but only 25,000-30,000 work on Indian ships because of unfavourable tax treatment, which also puts Indian shipping firms at a disadvantage to their foreign competitors.
3 min read17 Sep 2025ITR Filing: Online gaming income? Here's how to report income tax returns for FY25
The Lok Sabha passed the ‘Promotion and Regulation of Online Gaming Bill 2025’, banning online money games. For FY25, online gaming income is taxed at 30% under Sections 115BBJ and 194BA.
2 min read21 Aug 2025Why your paperwork matters more than your intent to the taxman
When it comes to the taxpayer—who may miss a form, a checkbox, or falter on minor procedural compliance—the tax authorities often rigidly insist on ‘form over substance’.
3 min read10 Aug 2025Filing Income Tax Return? Fake exemptions and deductions could get you into trouble, warns I-T dept amid crackdown
The Income Tax Department is now cracking down on individuals and entities that facilitate fraudulent deductions and exemption claims in their ITR filings. The department directed the individuals to file the correct particulars of their income and communication coordinates.
2 min read14 Jul 2025Income Tax Return: IT refunds jump 474% to ₹4.77 lakh crore in last 11 years — Details here
Income Tax Return: India's IT refunds have jumped 474% to ₹4.77 lakh crore in the last 11 years, exceeding the growth of gross tax collections. The number of days taken to issue ITRs to the people decreased to 17 days in 2024.
1 min read13 Jul 2025ITR filing: TDS mismatch between Form 16 and 26AS? Here’s how to check and fix it
ITR: Matching Form 16 and Form 26AS is essential for filing correct ITR. Mismatches can lead to denied TDS credits, incorrect tax liability, or a delay in the refund. Employees should verify details and contact employers for discrepancies before filing their income tax return.
3 min read7 Aug 2025Here's how to navigate complex TDS rules for online ads, software subscriptions and e-commerce sales
Big marketplaces such as Facebook and Google do not allow tax to be deducted from payments made to them, so businesses are left with no option but to deposit the TDS out of pocket and get it reimbursed later. The process can be a nightmare, but we've simplified it for you.
7 min read16 Jun 2025Getting a refund of excess TDS on rent deposited by tenants is harder than it's supposed to be
TDS credit of only 2% is reflected in Form 26AS even though the tenants had deducted and deposited TDS of 5%. This appears to be due to a glitch in the TRACES utility
4 min read21 May 2025Wait for it…
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