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TDS rules explained: When individuals must deduct tax and penalties you can't ignore

Many people believe that Tax Deducted at Source (TDS) is only the responsibility of companies or businesses. However, under ...

TDS on bank interest explained: Who is liable and how much gets deducted under new income tax rules?

The Income Tax Act, 2025, effective April 1, maintains existing TDS thresholds on bank interest. The I-T department clarified ...

TDS, TCS changes explained: What NRIs, students, travellers and investors should know in FY 2026

Starting 1 April 2026, new TDS and TCS rules aim to streamline tax processes, reducing errors and mismatches. Key changes ...

TDS exemption for senior citizens explained: Form 121 replaces Form 15H — key updates and mistakes to avoid

Form 121 replaces Form 15H, which is filed by senior citizens, as well as Form 15G, which is filed by individuals below the age of 60. Here's a detailed explanation of the changes and key mistakes to ...
Mathrubhumi English

What is Form 141? Income Tax dept’s new TDS rule explained simply

The Income Tax Department has introduced Form 141, a single unified TDS form replacing four existing forms. Here’s what it ...

TRACES revamp explained: What changes for TDS, TCS and property buyers

Rather than launching something new, the revamp retools a familiar system into a more centralised, transaction-level ...