This means that now if senior citizens invest money in schemes like FD, and SCSS and take profit up to Rs 1,00,000 as return (interest), then they will not have to deduct any TDS on that interest ...

Unlike local transactions where 1% TDS applies beyond ₹50 lakh, here the deduction is significantly higher. The buyer must deduct TDS, often 20% or more, and deposit it with the income tax ...

UAE — In a significant move to empower SMEs with smarter financial management, Tally Solutions, a leading international technology provider of business management software, has announced the launch of ...

Prime Minister Anthony Albanese announced another major overhaul to the tax system, revealing plans to introduce a $1,000 instant tax deduction for work-related expenses. The reform will allow ...

The Central Board of Direct Taxes (CBDT) has officially clarified that no tax will be deducted at source (TDS) on withdrawals from NSS accounts made on or after April 4, 2025. This announcement ...

So, it's like if your actual income tax liability from any income is 0 but Rs 1 lakh TDS is being deducted on this income, then in this situation you can apply for this nil TDS certificate and if it's ...

Russian-American ballerina Ksenia Karelina was released from Kremlin custody in a prisoner swap with the United States on Thursday morning. Karelina was freed in exchange for German-Russian Arthur ...

If you have claimed HRA but didn’t deduct TDS on rent and the tax Department may invalidate your claim. Trending Photos New Delhi: Many salaries individuals rely on House Rent Allowance (HRA) to ...

The rate of tax deduction is 2%. with effect from October 1, 2024. However, if the PAN of the recipient is not available then the rate will be 20% as per Section 206AA. Similarly when PAN-Aadhaar is ...

New Income Tax Rules From April 2025: New changes in TDS (Tax Deducted at Source) as announced in the Union Budget 2025 will become effective from 1st April 2025. Increasing the threshold for ...

(2) No deduction ... TDS rate shall be applicable as per section 195 in conjunction with section 194T. 6. If Partner does not furnish Pan / Aadhar, TDS shall be at 20% as per section 206AA of the ...