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
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 ₹1 lakh
The Union Budget proposal to double the tax deduction at source (TDS) limit for senior citizens to ₹1 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 …
‘No income tax up to ₹12 lakh’: Middle class erupts in joy at Nirmala Sitharaman’s Budget bonanza
‘No income tax up to ₹12 lakh’: Nirmala Sitharaman’s Budget speech is being seen as a “big relief” for middle-class …
Important TDS Updates: TRACES Maintenance & New Form-16 Utility Release
Temporary Downtime of TRACES Website The TDS Reconciliation Analysis and Correction Enabling System (TRACES) website will undergo planned technical upgradation …
New Six-Year Rule for TDS/TCS Correction Statements: Hurry! File TDS Corrections Before the March 2025 Deadline
Amendment to Section 200(3): Timeline for Filing Correction Statements The Finance Act (No. 2), 2024, introduced a crucial amendment to …
