Tds

New registration fees and tax deduction make buyers need to plan carefully for property purchases this year.

New to freelancing? This is how to manage tax, TDS, and GST compliances

If you’ve just started freelancing, understanding taxes, TDS, and GST is crucial to staying compliant and building long-term financial stability.

TDS on your fixed deposit interest? Here’s how to get a refund if your income is below the tax limit

You can claim a refund on tax deducted from fixed deposit interest by filing your ITR—here’s the process explained.

PAN-Aadhaar not linked? You could pay double TDS and miss ITR filing

Not linking PAN with Aadhaar can lead to double TDS, inconvenience in filing your ITR in 2025.

What small taxpayers must know about TDS and contract payments to stay penalty-free

Small taxpayers must carefully follow TDS rules on rent and contract payments to avoid late fees, interest, and disallowance of expenses.

 Explained: How the budget’s TDS measures can spur rental housing growth

With overall rental yields from residential real estate being low nationally, the increase in the TDS threshold is expected to primarily benefit landlords and tenants in the metros and large cities.

Higher TDS threshold for tax deducted at source for rental income can unlock new housing, say experts

In her speech, the finance minister said that the measures are intended to reduce the number of transactions liable under TDS, benefiting small taxpayers receiving smaller payments.

Supreme Court refuses to examine PIL for scrapping TDS system under income tax law

The TDS system was stated to adversely affect individuals below the taxable income threshold, as tax was deducted at source irrespective of their liability

TCS India employees get tax demand notices; company asks them to wait before paying up

The company expects the department to revisit the notices and issue to be resolved soon. According to experts, there's a possibility that tax authorities committed a mistake while processing the filed returns

Government may decriminalise delay in TCS filing in Finance Bill, says CBDT chairman

The proposed relief is being considered on the similar lines as announced for TDS in the Union Budget.

Byju’s TDS default: Employee not handing over taxes to government, Budget announces measures

Compounding of non-payment of TDS by corporates to be rationalised

Government to allow tax collected at source to be set off against TDS on salary: Budget 2024

Steeper 20 percent TCS paid on foreign tours and foreign investments needn’t wait for advance tax only

Online bond platforms pitch for integration with RBI's direct platform for retailers from budget 2024

Online bond platforms are companies that sell bonds or non-convertible debentures (NCDs) to investors, especially retail investors, through their websites or mobile apps. Experts say that the integration of RBI's Retail Direct Platform with these platforms will allow retail investors to directly invest in government bonds.

Budget 2024: Online bond platforms pitch for removal of TDS on bonds, integration with RBI's direct platform for retailers

Online bond platforms are companies that sell bonds or non-convertible debentures (NCDs) to investors, especially retail investors, through their websites or mobile apps. Experts say that the integration of RBI's Retail Direct Platform with these platforms will allow retail investors to directly invest in government bonds.

TDS nightmare: Homebuyers face tax shock after property purchases, seek relief from Delhi High Court

Many homebuyers who purchased properties between July 1, 2023, and January 10, 2024, have been served with a TDS shortfall notice due to sellers' inoperative PAN. A writ petition has been filed in the Delhi High Court.

The TDS tangle for which homebuyers are getting tax notices

According to income tax rules, the home buyer is required to deduct 1 percent TDS if the sale consideration is Rs 50 lakh or more. The TDS rate is 20 percent in the absence of a PAN, or if the PAN is deemed inoperative.

CBDT clarifies on applicability of TDS liability for e-retailers on ONDC

As per the FAQ issued by the Central Board of Direct Taxes (CBDT) on December 28, a 1 percent TDS will have to be deducted from the gross sale amount after including convenience/packaging/shipping fees as charged by e-commerce trading platforms for the order placed on ONDC.

Income tax returns: Types of TDS certificates and why they are needed

Forms 16, 16A, and 16B are all certifications of tax deducted at source on earnings from various sources. They differ in terms of purpose, eligibility, and where they apply

Ashneer Grover says paying tax is a punishment: 'Taxpayers are doing charity in this country'

Ashneer Grover added in a separate video that reducing tax rate in India would be his priority whenever he becomes a politician.

Caveat Emptor: Deduct TDS on property purchases, or else…

If the property value exceeds Rs 50 lakh, the buyer is required to deduct TDS at a rate of 1 percent of the total value and deposit it with the government.

ClearTax betting big on crypto tax offerings, expects profitability in next 12 months

Last year, Clear began offering solutions for customers to manage their cryptocurrency portfolio and taxes after the government announced a hefty 30% tax rate and 1% TDS for gains and transfers of virtual digital assets.

FM Sitharaman: Regulating crypto assets on agenda for upcoming G20 meet

Crypto and virtual digital asset (VDAs) industry players were left unhappy when no announcement for the sector was made during Sitharaman’s Union Budget speech on February 1.

Budget 2023: The devil is in the detail

The fine print reveals the tax implications of some of the budget proposals

Budget 2023: Online gaming sector gets a boost with better clarity on taxation

Budget 2023: Startup founders hail the government's move to rationalize direct taxes in the online gaming sector, while some await more clarity

Government gets Rs 60.46 crore tax from TDS on virtual digital assets

The minister further said currently, crypto assets are unregulated in India and the government does not register foreign crypto exchanges.