TAN requirement removed and PAN-based challan introduced for resident buyers purchasing property from non-residents, easing compliance ...
It’s that time of the year when taxpayers start downloading the Annual Information Statement (AIS) and Form 26AS to file their income tax returns (ITR). It’s that time of the year when taxpayers start ...
The Income Tax Department has released a new brochure explaining Section 194-IB which relates to obligations of a tenant to pay Tax Deducted at Source (TDS) by deducting it from house rent. This ...
When a young Mumbai-based couple bought an apartment from a seller who resides outside India, they ensured that they fully complied with the rules on tax deducted at source (TDS). When a young ...
If you are claiming a House Rent Allowance (HRA) exemption in your tax returns but haven't deducted and paid the required Tax Deducted at Source (TDS) on your rent, you might receive a notice from the ...
New Delhi: December is an important month for taxpayers. From belated and revised ITR deadlines to advance tax payments and multiple TDS-related compliances, several key dates have been fixed. These ...
The income tax department will deny TDS credit and flag your ITR if it detects discrepancies between the TDS information reported in your return and that provided by the deductor. Ensuring accurate ...
As May 2025 approaches, businesses, government offices, and financial institutions in India must prepare for a series of critical tax compliance deadlines. These deadlines encompass a range of ...