The income tax department is set to crack down on individuals and businesses that have failed to deduct and deposit TDS/TCS. Approximately 40,000 taxpayers from FY22-23 and FY23-24 are under scrutiny.

The Tax Deducted at Source (TDS) rates for FY 2025-26 (AY 2026-27) outline the tax obligations on various payments, including salary, interest, rent, winnings, and professional fees. TDS on salary ...

Form 16 and Form 24Q have been amended to include new reporting requirements. Stricter penalties for TDS non-compliance, including imprisonment and fines, have also been introduced. Employers and ...

Isro is also progressing on its Next Generation Launch Vehicle (NGLV) programme. TDS-1, The Satellite India’s 1st Pvt PSLV Will Launch To Test 35 New Tech The final number of experiments ...

Wilson, 36, passed for 2,482 yards, 16 touchdowns and 5 interceptions in 11 games with the Steelers last season. He also rushed for 155 yards and 2 TDs. The Steelers went 6-5 in his starts.

The Income Tax Bill, 2025, tabled in Parliament on Thursday, introduces changes for non-resident Indians (NRIs), particularly regarding capital gains, tax deducted at source (TDS), and tax recovery ...

Any taxable income received by a non-resident in India will now be subject to tax deducted at source (TDS), ensuring tax compliance at the time of receipt. This step aims to streamline tax collection ...

TDS adjustments To simplify tax compliance, the government has proposed changes to tax deducted at source (TDS): Interest income: The TDS exemption limit on interest for senior citizens has doubled ...

Tax deduction at source, shortly and popularly known as TDS, was introduced by the Income Tax of India. When you receive income from sources like salary, rent, or interest, the payer deducts a portion ...

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