April 1, 2026: A New Era in Indian Tax Law For the first time in 64 years, India has a new income tax statute. The Income Tax Act, 2025, which received Presidential assent on March…
March 31 is the most consequential date on every Indian startup's compliance calendar. Miss a deadline, and you're looking at penalties, interest, and questions from investors during due diligence. This checklist covers the 10 most…
What is lower tax deduction certificate (TDS)? 1. Under Section 197 of the Income Tax Act, 1961 the assessee can apply for a lower rate of tax to be deducted at source / no tax…
TDS on Housing Rent Applicability of TDS payment u/s 194IB & u/s 195 of the Income Tax Act in the case of housing rent payments to landlords is as bellow : A) Section 194IB -…
TDS exemption is available U/S 194C in case of a declaration, even when the transporter is not the owner: ITAT Jodhpur Adhunik Khanan VA Parivahan Theka Sahakari Samiti Limited Vs. ITO (ITA Nos. 177 to…
Taxation on income of foreign IPL players: The legal position and the mechanism is explained as below: 1. Section 115BBA of the Income Tax Act provides the answer: This section provides a special tax rate…
