Senior citizens are now eligible for a TDS exemption on interest income of up to Rs 1 lakh annually, marking a substantial ...

Finance Minister Nirmala Sitharaman's Union Budget 2025 introduced significant modifications to TDS regulations. The changes ...

To benefit senior citizens, the government has doubled the TDS threshold for interest income from Rs 50,000 to Rs 1 lakh.

The AO initially assessed total additions amounting to ₹5.10 crores under sections such as 40a(ia) for non-deduction of TDS, unexplained cash credits under Section 68, and income from other sources.

Tax Deducted at Source (TDS) is a scheme launched by the Government of India for deduction of tax at the very source of income. It ensures each payment made will carry some portion of taxes being ...

One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme (LRS), which has ...

Form 16 is a TDS certificate issued by employers to outline the salary earned and TDS deducted on the same in a given fiscal ...

Form 13 is a facility that enables a salaried person or an individual taxpayer to avoid excess TDS deduction, and the ...

The government has announced new rules for Tax Deducted at Source (TDS) in the Union Budget 2025-26. These changes ...

Form 16 provides details of the deducted tax amount and submission date and helps in ITR filing by ensuring accurate income ...