Effective April 1, 2025, modifications will be made to the TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) regulations impacting taxpayers, with a particular focus on senior citizens, ...

Buyers must deduct TDS under Section 195 on amounts paid to NRI sellers, deposit by the 7th of the following month, and not rely on the seller’s capital gains ...

In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced an increase in the threshold for Tax Deduction at Source (TDS) on rent from Rs2.40 lakh per annum to Rs6 lakh ...

Union finance minister Nirmala Sitharaman in her Budget 2025 speech on Saturday proposed to rationalise tax deduction at source (TDS) by reducing the number of rates and thresholds above which TDS is ...

Union Budget 2025: Finance Minister Nirmala Sitharaman during Budget 2025 proposed to rationalise tax deduction at source (TDS) by reducing the number of rates and thresholds above which TDS is ...

From October 1, 2024 the government has made it mandatory for employers to give benefits of TDS/TCS deducted on non-salary income while computing TDS to be deducted from salary. Adjustment of tax ...

TDS Full Form: TDS is a term most people come across while dealing with salaries, bank interest, payments, or financial transactions. Yet, many individuals are unsure about what it truly means and how ...

In a major relief for salaried individuals, the maximum exemption for leave encashment at the time of retirement for non-government employees has been raised to ₹25,00,000. This update is part of a ...

While presenting the Union Budget 2025-26, Finance Minister Nirmala Sitharaman announced several tax changes to benefit taxpayers. She said that the Tax Deduction at Source (TDS) rates will be ...

New Delhi [India], February 1 (ANI): In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced an increase in the threshold for Tax Deduction at Source (TDS) on rent ...

NEW DELHI: The government on Saturday proposed to enhance annual threshold for deduction of tax at source (TDS) on rent to Rs 6 lakh from the current limit of Rs 2.4 lakh. "I propose to rationalise ...