India Today on MSN1 天
Claiming HRA but not paying TDS? Beware of tax notices and penalties
The landlord's PAN must be mentioned in the TDS challan. However, if the PAN is missing or inactive, the TDS is levied at 20% ...
Don’t forget to deduct TDS before buying property even if the seller is NRI as buyer will ...
The Income Tax Department said to follow Section 194 IA which relates to Tax Deducted at Source (TDS) on buying a house ...
IndiaFilings3 天
TDS Forms 26Q and 27Q Updated: What are the Key Changes?
Get insights on the latest changes to TDS Forms 26Q & 27Q under Section 194T. Learn about updated reporting rules for partnership firms and stay compliant.
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 ...
Tax Guru3 天
CBDT notifies Changes in TDS Return Form 26Q and 27Q
Effective from the date of publication in the Official Gazette, this amendment updates the Income-tax Rules, 1962, ...
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 ...
Tax Guru7 天
Lower Deduction Certificate for TDS and TCS as per Income Tax Act, 1961
This article explains the concept of a Lower Deduction Certificate, its legal basis, eligibility, and the detailed procedure ...
Business Insider India1 年
ITR filing: Your guide to Form 26AS and why you should check for TDS discrepancies
If you are a salaried employee, the employer will deduct tax deducted at source (TDS) on your behalf, and provide the income tax department with specific information on the tax deducted.