Challan is a form that is used to pay taxes to the government. The authorized banks receive the tax paid through a challan before it is deposited with the Income Tax department. Payments made with ...

As notices have been issued by the CPC (TDS) on the filing of the Quarterly TDS Statements, TDS has become a torment not only for the assessee but also for the tax professionals. We are attempting to ...

Taxes are required to be deducted at source on credit/payment of certain amounts at specified rates. The deductor is responsible to deduct TDS and deposit it into the government account, and also ...

Tax Deducted at Source (TDS) under the Income Tax Act has undergone wide-ranging changes in the last decade. One of them was the introduction of rule - TDS on the sale of properties under Section ...

The Income Tax Department has released a new brochure detailing Tax Deducted at Source (TDS) payment obligations for individual taxpayers, especially those arising on account of buying of property ...

How do I deduct TDS and submit the same for a housing property bought from an NRI? Answer: As per the provisions of Section 195 of Income Tax Act, any person who pays any sum of money which is ...

The Income Tax Department has released a new brochure explaining Section 194-IB which relates to obligations of a tenant to pay Tax Deducted at Source (TDS) by deducting it from house rent. This ...

To outsiders, the startup world seems like a discotheque with an open bar. But for someone who has launched or worked in a startup will tell you, it’s not one big party at all. There is a lot of hard ...

The property that an NRI holds is categorised as a capital asset, which can be a long-term capital asset or a short-term capital asset. If you purchase a piece of property from a Non-Resident Indian ...