2. Section 194T uses the term “ Partner ” and does not specify the same as working or non-working. Thus the distinction ...

The income tax department has set certain guidelines to deposit cash in saving/current account in a single financial year.

CBDT exempts individual taxpayers from TDS on NSS withdrawals via latest notification, easing tax compliance and improving ...

When you retire from your professional journey, their golden years deserve peace of mind. To ensure their expenses are ...

There are only a few days left for the new financial year 2025-26 to start. At the same time, many big changes are going to happen. These changes can affect the financial condition of the person. Very ...

I have a HUF of which I am the Karta. Say, I create capital through gift in my new HUF from non-members and then invest the ...

Is withdrawal of cash from HUF bank account considered partition ... as the exemption applies only in case of gifts received from members. What is the TDS on rent obligation for tenant in this ...

The Income Tax Department has issued a new brochure detailing Section 194-IB, which outlines a tenant's responsibility to cut Tax Deducted at Source (TDS) from house rent payments. This deduction must ...

From May 1, customers will have to pay an additional Rs 2 for financial transactions. For non-financial transactions, the new fee has been increased by Rs 1. Cash withdrawal at ATMs will incur a ...

If you have claimed HRA but didn’t deduct TDS on rent and the tax Department may invalidate your claim. Trending Photos New Delhi: Many salaries individuals rely on House Rent Allowance (HRA) to ...

Taxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under Section 194-I, tenants paying rents over ₹50,000 per month must deduct 2% TDS.

Mumbai: Many Indians trading on the world's largest crypto exchange Binance have come under the glare of the tax authorities. Over the past few weeks, the Income Tax (I-T) department has inquired ...