TDS

India’s personal income tax collections now bigger than corporate tax mop-up

According to a report by JM Financial Institutional Securities, this is because of formalisation, digitisation and stronger compliance mechanisms.

Updated: August 27, 2025 17:20 IST

A tax guide for NRIs selling property in India. (Image Source: Freepik)

NRIs can lower TDS on sale of property with this one certificate

An NRI has to mandatorily report capital gains from the transfer of immovable property in India in income-tax return filings…

Updated: August 22, 2025 20:50 IST

How will ITR filing change from 2026? Refunds, TDS, and more

One of the key changes is that taxpayers who miss the due date will no longer face financial fines, making…

August 18, 2025 14:27 IST

crypto, tax, TDS, money, taxes, income tax return, ITR, Cryptocurrencies

Deciphering the crypto tax code

Crypto gains in India are taxed at 30% with no deduction for expenses other than purchase cost. Gifts are taxable,…

August 3, 2025 20:04 IST

tds, income tax, ITR, Income Tax Return, mutual Funds, money

Income Tax Return: Onus on taxpayer to identify errors

Taxpayers must verify details in AIS, Form 26AS, and Form 16 before filing ITR to avoid errors and notices. Discrepancies…

Updated: August 2, 2025 06:18 IST

TDS, IT Bill, Income Tax Act, money, Lok Sabha, money, tax

Select panel proposes key taxpayer-friendly changes to I-T Bill

The Select Panel on the Income Tax Bill, 2025 recommends key taxpayer-friendly changes, including GAAR refinement, inter-corporate dividend deductions, relaxed…

July 21, 2025 22:00 IST

Income Tax Refund 2025: How soon will you get your TDS refund this year? Check average ITR processing time

Know when to expect your Income Tax refund in 2025 and check what each of the TDS status means.

May 27, 2025 09:50 IST

Senior Citizen Savings Scheme, SCSS, premature closure of SCSS Account, tax on withdrawals from SCSS Account, tax on SCSS Account, tax on interest earned on SCSS Account, TDS on SCSS Account, SCSS rate of interest 2025, SCSS interest 2025, maximum investment in SCSS Account, who can invest in SCSS Account, tax benefit on SCSS, penalty on closure of SCSS Account, senior citizens, retirees, retirement calculator.

Considering prematurely closing your SCSS account? Watch out the penalty

When you prematurely close the SCSS account, there is a penalty. One needs to be mindful about it and the…

May 3, 2025 18:05 IST

Big relief for taxpayers! Tax department waives interest on late TDS, TCS payment – Details here

Recently, many taxpayers had complained that they had paid TDS (Tax Deducted at Source) and TCS (Tax Collected at Source)…

April 1, 2025 13:24 IST

Taxpayers attention! Form 16 and Form 24Q formats changed; some other major updates in CBDT circular

Form 16 and 24Q formats revised! New tax deduction rules you must know

The CBDT circular has been issued on 20 February 2025, and it will be applicable to the tax returns of…

February 27, 2025 20:16 IST

banks, banking, RBI, VRR, Reserve Bank of India, TDS, tax deducted at source, GST

Banks bid for twice the notified amount at 56-day VRR auction

In January, the RBI announced measures like open market operation purchases, 56-day VRR and buy/sell swap to ease the prevailing tight…

February 8, 2025 01:00 IST

Budget 2025, budget, economy, tax deducted at source, TDS, tax

Budget 2025: Big incentives for property owners

In the Budget speech, Sitharaman said the move to increase the annual limit for TDS on rent from Rs 2.40…

February 2, 2025 00:30 IST

Your queries: Income Tax| Not your fault if employer did not deposit TDS

The tax officer cannot recover the TDS amount from you, provided the tax was deducted from your income by your…

December 14, 2024 03:50 IST

Budget 2025, Budget 2025 Expectations, Nirmala Sitharaman, direct tax, India Inc, businesses, M&A space, legal restructuring

Reduce need for year-end refunds

Employees now have a formal method to present their full tax obligation to employers, ensuring greater accuracy in TDS deductions.…

November 2, 2024 01:30 IST

How revised penalty and prosecution norms impact TDS deductors for non-compliance?

How do revised penalty and prosecution norms impact TDS deductors regarding their obligations and potential penalties for non-compliance?

October 17, 2024 19:16 IST

New Form 12BAA: Taxpayers attention! This form will help employees reduce TDS on salaries - Know what will change now?

New Form 12BAA: Taxpayers attention! This form will help you reduce TDS on salaries – Know what will change now?

Form 12BAA allows employees to report non-salary income, helping them reduce TDS deductions from their salaries for better cash flow.

October 17, 2024 15:17 IST

Budget 2024: Streamlining TDS / TCS provisions is the need of the hour – Here’s why

Although TDS / TCS collections are vital and a faster way for government to collect tax, rationalization and simplification of…

July 18, 2024 12:55 IST

Union Budget 2024: Need to rationalise contours of TDS provisions

Removing overlapping TDS provisions can streamline tax administration and alleviate compliance burden on taxpayers.

July 17, 2024 12:56 IST

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DoT signals stricter rules for satellite spectrum sharing amid interference concerns

Business2 hr ago

The DoT is planning to enforce stricter regulations for spectrum sharing in the satcom market to prevent interference. TRAI suggests assigning spectrum through administrative allocation with a 4% annual levy. As technology and scale increase, industry players believe satcom service prices will decrease. Rules must also be designed for future scenarios as there are currently no incumbent operators.

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