Buyers of property from Non-Residents must deduct TDS under Section 195, with rates up to 30% for STCG and 20% for LTCG, emphasizing the importance of compliance to avoid ...
In a recent development, a taxpayer residing in the UAE with an income of Rs 4 crore from India found themselves in a positive light as the ITAT in Delhi ruled in their favor. Despite having Tax ...
Learn the TDS full form, its meaning, how this tax collection system works in India, and why it's important for taxpayers.
If the rent payable by each tenant does not exceed the threshold of Rs 50,000, the tenants are not required to deduct TDS at ...
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Income tax rule: Do you need to deduct TDS if monthly rent exceeds ₹50,000? Here's the clear answer
The Indian Income Tax Act lays down specific rules for deducting TDS (Tax Deducted at Source) on rent payments, especially ...
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Employer deducted TDS but didn’t deposit it: ITAT Kolkata saves employee from Rs 14 lakh tax demand
In a noteworthy decision, the Income Tax Appellate Tribunal in Kolkata has come to the aid of an employee who found ...
Under the Tax Deducted at Source (TDS), individuals who are unable to authenticate the origin of their income, may be served notices by the Income Tax department. These may further attract penalties ...
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