Budget 2025 proposes to increase the limit for tax deduction at source (TDS) on interest earned by general (non-senior) citizens from fixed deposits from banks from the present Rs 40,000 to Rs 50,000 ...

What do the Scientific Periodic Table and TDS and TCS rules under the Income Tax Act have in common? Both are remarkably complex frameworks, each containing essential building blocks. Understanding ...

Under Section 195 of the Income Tax Act, the buyer is required to deduct tax at source at 12.5 percent if the seller is a non-resident for tax purposes.

Currently, there are 37 different types of payments to residents where the TDS rates vary from 0.1 per cent to 30 per cent.

The Ficci also sought the constitution of more offices of the Customs Authority for Advance Rulings, stating that this would ...

ITAT Mumbai ruled that relief under the first proviso to Section 201(1) is available if Form 26A certifying the deductee’s tax payment is furnished. As the buyer obtained the certificate post-appeal, ...

India Inc has urged the government to take necessary steps to clear the backlog of Income-Tax (IT) appeals, simplify tax deducted at source (TDS) rules, and ensure tax neutrality for fast-track ...