Budget 2026 maintains tax stability for senior citizens, with no new exemptions, TDS relief, or targeted healthcare deductions.
CII calls for a trust-based, technology-enabled tax system; proposes simplified TDS regime, statutory taxpayers’ charter, and paper-free customs roadmap in pre-Budget 2026-27 proposals
New registration fees and tax deduction make buyers need to plan carefully for property purchases this year.
If you’ve just started freelancing, understanding taxes, TDS, and GST is crucial to staying compliant and building long-term financial stability.
You can claim a refund on tax deducted from fixed deposit interest by filing your ITR—here’s the process explained.
Not linking PAN with Aadhaar can lead to double TDS, inconvenience in filing your ITR in 2025.
Small taxpayers must carefully follow TDS rules on rent and contract payments to avoid late fees, interest, and disallowance of expenses.
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.
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.
The TDS system was stated to adversely affect individuals below the taxable income threshold, as tax was deducted at source irrespective of their liability
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
The proposed relief is being considered on the similar lines as announced for TDS in the Union Budget.
Compounding of non-payment of TDS by corporates to be rationalised
Steeper 20 percent TCS paid on foreign tours and foreign investments needn’t wait for advance tax only
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.
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.
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.
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.
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.