The Income Tax Department has issued notices to Taxpayers who have been paying a rent of ₹50,000 or more per month and not deducted Tax Deducted at Source (TDS) while remitting the amount to ...

The Centre in the Budget announced many important changes related to tax, especially to make TDS and TCS easy and simple. The purpose of these changes – which will be effective from April 1 ...

In a significant move to simplify tax compliance, Finance Minister Nirmala Sitharaman had announced key changes to TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) in the Union ...

New TDS, TCS rules 2025: Under the new provisions, senior citizens will be exempt from TDS on interest income up to ₹1 lakh per year.(Mint) The new income tax bill has changed the TDS (Tax ...

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This means if a senior citizen keeps his/her interest income below Rs 1 lakh, then the bank will not cut any TDS. For non-senior citizens (general citizens), the government has increased the TDS ...

The law requires tenants to deduct TDS at 2% on rent above Rs 50,000 per month, in case the landlord is a resident Indian. Listen to Story Tax notices are being sent for not deducting TDS on rent ...

Among the various tax collection methods, TDS and advance tax plays a major role. TDS is designed to collect tax at the source of income while advance tax ensures that taxpayers pay their dues in a ...

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