According to the new rules, you will be able to claim your TDS refund even if you file your income tax return late.

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.

Economic Survey suggests real-time TDS remittance by banks instead of batches, and a treasury manager to invest short-term ...

Complex tax regulations concerning property sales by Non-Resident Indians (NRIs) are causing significant financial blockages and compliance issues.