The tax department is sending notices to salaried taxpayers who claimed HRA but didn’t deduct TDS on rent above ₹50,000. With ...

If your monthly rent exceeds ₹50,000 and you’ve claimed HRA without deducting Tax Deducted at Source (TDS), the Income Tax ...

Introduction Tax Deducted at Source (TDS) is a crucial mechanism for collecting taxes at the point of income generation. The Indian government frequently ...

Tenants must deduct 2% TDS if their monthly rent exceeds ₹50,000, if the landlord is a resident Indian and 31.2% if the ...

Income Tax Department issues notices to taxpayers not deducting TDS on rent over ₹50,000, leading to penalties.

Last chance to file updated Income Tax Returns for AY 2022-23 with additional tax penalties, consequences for non-compliance.

Effective from the date of publication in the Official Gazette, this amendment updates the Income-tax Rules, 1962, specifically Forms 26Q and 27Q. In Form 26Q, Section 194T has been added to the ...

The proposed amendment in the Budget 2025 lowers the TDS threshold for rental income from ₹2,40,000 per year to ₹50,000 per ...

Missing advance tax deadlines can lead to unnecessary interest charges. A simple declaration to your employer can help ...

Swiggy faces a tax demand notice for TDS non-compliance. Learn about the penalties, TDS rules, due dates, and how to ensure compliance in this guide.