Under Section 194IB of the Income Tax Act, 196, individuals and HUFs must deduct 2 percent TDS on rent if the monthly amount ...

Amazon sellers can claim reimbursement of TDS deducted on advertising and MCF fees by submitting Form 16A. Proper filing and documentation ensure recovery of deducted ...

Under Section 194-IB of the Income Tax Act, 1961, individuals or Hindu Undivided Families (HUFs) paying rent above Rs 50,000 per month to a resident landlord are required to deduct tax at source (TDS) ...

The Court held that the Revenue cannot issue reassessment notices after the limited surviving period available under TOLA and the Supreme Court’s transitional framework. Notices issued beyond that ...

As the financial year draws to a close, millions of salaried taxpayers across India enter a decisive phase. What was once a routine process of submitt.

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...

Many people living in rented houses focus mainly on paying monthly rent on time, but very few are aware that income tax rules ...

If you pay more than ₹50,000 in monthly rent, there is an important income tax rule that every tenant in India should know. Under Section 194-IB of the Income Tax Act, tenants paying rent above this ...

Explore Gift City IFSC for investment insights, onboarding processes, options, and taxation for residents and NRIs.

The Comptroller and Auditor General of India (CAG) has flagged serious irregularities in GST compliance and monitoring in Bihar, pointing to risky E-Way Bill transactions, excess Input Tax Credit (ITC ...