Suppose one is paying monthly rent exceeding ₹50,000, and falls under the category of persons required to deduct TDS (such as ...

New TDS and TCS Rules: Finance Minister Nirmala Sitharaman announced changes in some rules of TDS and TCS in the Union Budget presented on February 1. These rules will come into effect from April ...

New TDS, TCS rules 2025: Under the new provisions, senior citizens will be exempt from TDS on interest income up to ₹1 lakh per year.(Mint) The new income tax bill has changed the TDS (Tax ...

In a big move to simplify tax compliance and offer financial benefits, the government has announced a host of reforms affecting both individuals and businesses. The revised rules provide significant ...

As the new financial year begins on April 1, 2025, several key money rule changes will take effect, impacting income tax, TDS, TCS, rental income, and GST compliance.

There will be more tax-saving options in the new financial year, along with ease of tracking your investments and a new ...

If you had paid TDS or TCS on time, but due to technical difficulties it was deposited late in the government account, then now you will not have to worry about paying interest. The Central Board ...