The notification provides relief to individual taxpayers by exempting TDS from withdrawals under the National Savings ... The notification specifically states that no tax shall be deducted at source ...

Q1. What is the TDS required to be deducted by a Taxpayer paying monthly rent to a Landlord? Ans:- Section 194-IB of the Income Tax Act, 1961 which was introduced from 1st June 2017 requires an ...

Summary: Section 194-IB of the Income Tax Act mandates individuals and HUFs to deduct TDS at 2% on monthly rent payments exceeding ₹50,000 to a resident, regardless of business or professional status.

The club are believed to have already incurred a tally somewhere in the region of two weeks after failing to pay a HMRC bill on time in November last year. The tally is reset on July 1.

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 ...

They are asking traders to provide proof of TDS deduction or substantiate its non-applicability. This scrutiny includes demands for tax returns to verify the sources of crypto funds. Mumbai: Many ...

Fixed Deposit investors will benefit from revised tax deduction at source (TDS) rules, set to come into effect from 1 April. The TDS exemption limit on FD interest rates will be higher for ...

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 ...

Any person, being a buyer, responsible for paying to a resident seller any sum by way of consideration for transfer of any immovable property (other than agricultural land) shall be responsible to ...

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 ...

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 ...