FAQ on TCS on Luxury Goods applicable from 22 April 2025 on shoes, bags, watch, sunglasses etc.
To widen the scope of Tax Collection at Source (TCS) and enhance revenue from high-value purchases, theĀ Finance (No. 2) Act, …
TDS
Income Tax dept sends notices for HRA claims without TDS deductions. Here’s what you can do
The Income Tax Department is now reportedly sending notices to salaried taxpayers who have claimed House Rent Allowance (HRA), but …
TCS Changes Effective from 1st April 2025
The Finance Bill, 2025 introduces significant amendments to the Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) …
TDS Changes Effective from 1st April 2025
The Income Tax Act of India mandates Tax Deducted at Source (TDS) on various payments made to individuals and entities. …
Income Tax dept to crack down on TDS/TCS defaulters, targets 40,000 taxpayers
The income tax department is planning a nationwide crackdown on individuals and businesses that have failed to deduct and deposit …
TDS u/s 194J New Threshold limit – TDS on professional and technical services from April 1, 2025
The Finance Act 2025, as presented in Budget 2025, has introduced a key amendment to Section 194J of the Income …
Budget 2025 increased TDS limit for FD
The Union Budget 2025 proposes to increase the limit for tax deduction at source (TDS) on fixed deposit (FD) interest …
Union Budget proposes to double TDS limit for senior citizens to ā¹1 lakh
Ā The Union Budget proposal to double the tax deduction at source (TDS) limit for senior citizens to ā¹1 lakh …
All TDS Threshold Limits changed in Budget 2025
Effective changes from 1 April 2025 as per Budget 2025 TDS provisions have various thresholds of amount of payment or …
āNo income tax up to ā¹12 lakhā: Middle class erupts in joy at Nirmala Sitharaman’s Budget bonanza
āNo income tax up to ā¹12 lakhā: Nirmala Sitharaman’s Budget speech is being seen as a ābig reliefā for middle-class …
