This proposal is important as excess tax deduction at source (TDS) creates liquidity challenges for small taxpayers. They have to wait for refunds after filing their returns. For instance, a ...
New Income Tax Bill 2025: The Lok Sabha on Monday passed the The New Income Tax Bill 2025 which is referred as The Income-Tax (No.2) Bill. It will replace the six-decade-old Income Tax Act, 1961. The ...
New Delhi: For small tax payers, Finance Minister Nirmala Sitharaman announces simpler TDS processes, extended return ...
If the seller is a NRI, taxes are withheld at a higher rate, and the buyer is also required to obtain a TAN, deposit the tax deducted and file e-TDS returns.