How To File TDS: Tax Deducted at Source, commonly known as TDS, is a system where tax is deducted at the point of income. If ...
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Paying Rs 55,000 rent on time could not save salaried taxpayer from Rs 1 lakh penalty for missing TDS, know why
Recently , Abhishek, a salaried person who was living in a rented house, was asked to pay a tax penalty of Rs 1 lakh by the income tax department. Even though this penalty was discretionary, it was ...
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Explained: Income Tax Rules from April 1
India, March 28 -- From April 1, 2026, the Indian Income Tax department is implementing major reforms aimed at simplifying ...
The tax department has started looking closely into TDS defaulters on rent. Last year, the department sent notices to ...
Tenants paying more than Rs 50,000 in monthly rent must deduct TDS at 2% before March 31, 2026. This compliance is for the ...
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