This article explains the concept of a Lower Deduction Certificate, its legal basis, eligibility, and the detailed procedure ...

4. The CCIT or DGIT or PrCCIT, as the case maybe, examining an application for waiver of interest under this order shall pass a speaking order after providing adequate opportunity of being heard to ...

One such section is Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). TDS and TCS under New Income Tax 2025 The new bill proposes the application of TDS rules to various types of ...

Now more TDS / TCS will not be deducted for those who do not file tax returns Till now, if a person did not file Income Tax Return (ITR), then TDS / TCS was deducted from him at a higher rate.

New TDS, TCS rules 2025: Under the new provisions, senior citizens will be exempt from TDS on interest income up to ₹1 lakh per year.(Mint) The new income tax bill has changed the TDS (Tax ...

There will be more tax-saving options in the new financial year, along with ease of tracking your investments and a new ...

The Income Tax Department is set to launch a nationwide action against nearly 40,000 taxpayers who have failed to deposit their TDS/TCS. A 16-point strategy has been devised, leveraging data ...

TDS at a rate of 5% will only be withheld starting on April 1, 2025, if the total amount of insurance commission paid to an ...

The Income Tax department has launched an app allowing taxpayers to view important information on their smartphones easily. The app allows users to view the TDS, income tax refund, and more ...

India's taxation system is an evolving structure aimed at economic growth and equitable revenue distribution. With continuous reforms, the central government aims to simplify tax compliance, reduce ...