Claimed HRA but skipped TDS? Income Tax department comes knocking with notices
Taxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under ...
The Financial Express16h
Making HRA claims without deducting TDS? Income Tax Department sending notices
Under the income tax law, a tenant who is living in a property and paying a rent of Rs 50,000 for it, he must deduct TDS of 2 ...
Don’t forget to deduct TDS before buying property even if the seller is NRI as buyer will risk being labelled as tax evader
If the immovable property is partly financed by Bank/Lender, the TDS will be required to be deducted by the transferee on the ...
Claiming HRA exemption but tax not deducted? Income Tax Department sending notices - penalties explained
Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) ...
New financial year begins today: Check what changes for you in UPI payments, GST, income tax slabs & more from April 1
As the new financial year begins today, on April 1, 2025, we take a look at what changes for UPI payments, GST rates, income ...
Will You Save More Taxes This Year? New TDS And Carry Forward Rules Simplified
In a big move to simplify tax compliance and offer financial benefits, the government has announced a host of reforms ...
ET Now on MSN22h
Increased tax rebate, higher TDS, TCS: Money, income tax, financial changes from April 1, 2025
Dhruv Chopra, Managing Partner at Dewan P. N. Chopra & Co., shares insights on top updates and their implications for ...
Income Tax Department issues notices to taxpayers over non deduction of TDS on rent of ₹50,000 or more per month
Income Tax Department issues notices to taxpayers not deducting TDS on rent over ₹50,000, leading to penalties.
Claimed HRA but skipped TDS on rent? The taxman wants answers
The tax department is sending notices to salaried taxpayers who claimed HRA but didn’t deduct TDS on rent above ₹50,000. With ...
Income Tax dept sends notices for HRA claims without TDS deductions. Here's what you can do
Tenants must deduct 2% TDS if their monthly rent exceeds ₹50,000, if the landlord is a resident Indian and 31.2% if the ...
Will My Tax Be Deducted From April? TDS Under New Tax Regime Explained
Additionally, the new income tax regime will be the default option starting from April 1, 2025 for taxpayers. Those who wish to continue using the old regime (allowing deductions) need to opt in ...
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Delhi High Court Grants Relief To Lufthansa Airlines, Sets Aside Revenue's Order Denying 'Nil' TDS Certificate
In a relief to German cargo airline Lufthansa, the Delhi High Court set aside the Revenue's order denying nil TDS certificate to the company for the financial year 2024-25.Section 195 of ...