TDS on Rent Under Section 194-IB and HRA Claims TDS on Rent Under Section 194-IB and HRA Claims The Income Tax Department has recently raised concerns about taxpayers claiming House Rent Allowance (HRA) without deducting Tax Deducted at Source (TDS) on rental payments exceeding ₹50,000 per month. Many taxpayers have received SMS and email alerts … Read more
Changes in Tax Collected at Source Changes in Tax Collected at Source Starting April 1, significant changes in Tax Collected at Source (TCS) rules for foreign remittances will take effect, impacting individuals who travel abroad, remit funds for education, or invest overseas. These changes aim to provide relief in certain categories while imposing stricter controls … Read more
TDS Rule Changes from April 1 2025 TDS Rule Changes from April 1 2025 The Union Budget 2025 has introduced significant changes to Tax Deducted at Source (TDS) rules, aimed at reducing the tax burden and improving cash flow for senior citizens, investors, and commission earners. These amendments will take effect from April 1, 2025, … Read more
TDS Status Using PAN Card TDS Status Using PAN Card Tax Deducted at Source (TDS) is an essential component of the Income Tax Act, 1961, aimed at collecting tax at the very source of income. It applies to various income categories such as salary, interest, rent, and commission. The Central Board of Direct Taxes (CBDT) … Read more
Revised TDS Rate Chart from 1st April 2025 Revised TDS Rate Chart from 1st April 2025 The Union Budget 2025 has introduced significant changes in TDS (Tax Deducted at Source) rates and income tax slabs, bringing much-needed relief for taxpayers. Finance Minister Nirmala Sitharaman announced tax cuts for the middle class and proposed new TDS … Read more
