Tax Query: TDS on rent not needed if NRI’s income is less than Rs 2.5 lakh

Mr Gupta’s son lives in Australia. He has signed a power of…
TDS return

New Income Tax notification about TDS on contractual and professional payments

The Finance Ministry has recently notified that Form 26QD has to be…

Returns on investments in tax-free bonds vs fixed deposit

Tax-free bonds are not subject to tax deduction at source (TDS) on…

All you need to know about Permanent Account Number

Permanent Account Number (PAN) is a unique ten-digit alphanumeric identity issued by…

Economic Slowdown Affects Advance Tax Collection Targets

Though a steep revenue collection goal set for 2019-20, the advance tax…

Intimation received under section 143(1) upon processing of ITR

After you have filed your income tax return (ITR), the income tax…

Watch out for 6 income tax law changes w.e.f September 1

September 2019 is very crucial for certain taxpayers registered under the Income…

Tax deduction on rent paid above Rs 50,000, 5% TDS

Are you occupying a residential house on rent? You may want to…

TDS impact on life insurance maturity proceeds from 1 September 2019

The Union Budget 2019 has amended the TDS (tax deduction at source)…

FM all set to make India a sustainable economy in the next 5 years

FM Nirmala Sitharaman through her first-ever maiden Budget in July 2019 has…