The dispute concerned denial of TDS credit citing inconsistencies in reported transaction values. The ruling clarified that ...

If the seller is a NRI, taxes are withheld at a higher rate, and the buyer is also required to obtain a TAN, deposit the tax deducted and file e-TDS returns.

Moving beyond rate-centric reforms, the government has focused on re-designing the compliance lifecycle spanning original ...

While some proposals were aimed at providing relief to common taxpayers and easing compliance, others like STT hike will ...

Budget 2026 delivered significant relief through a rationalisation of TDS and TCS provisions. The TCS rate on overseas tour ...

Union Budget 2026: In a move aimed at simplifying tax compliance for retail investors, Finance Minister Nirmala Sitharaman in her Budget 2026 speech proposed enabling depositories to accept Form 15G ...

TDS deductions on gross receipts severely strain working capital in sectors like real estate, infrastructure, and BPO, where ...

Union Finance Minister Nirmala Sitharaman on Saturday announced sweeping changes to India’s income tax framework, with a ...

Are you a senior citizen? Earn up to 8% on five-year FDs, but watch tax rules, TDS limits, and deposit insurance. Know ...

The Tribunal held that denial of TDS credit solely on mismatch grounds requires factual verification. The Assessing Officer must examine whether the individuals in whose names TDS was deducted have ...

The Income Tax Appellate Tribunal Mumbai has ruled in favour of a taxpayer. The tribunal stated that the tax department must provide TDS credit shown in Form 26AS. This decision came after a taxpayer ...

Here are the highlights from the changes to direct tax proposals announced by Finance Minister Nirmala Sitharaman in her Union Budget 2026-27 speech in the Lok Sabha.