SECTION-WISE SUMMARY OF TDS & TCS PROVISIONS IN NEW INCOME TAX ACT, 2025
TDS & TCS in new Income tax Act, 2025
Tag: TDS
Crypto TDS surges 41%; Maharashtra, Karnataka lead
The government’s highest tax deducted at source (TDS) on so-called virtual digital assets (VDA) came from crypto exchanges based in Maharashtra at ₹293.40 crore in 2024-25, followed by Karnataka ( ₹133.94 crore), and Gujarat ( ₹28.63 crore), according to data from the finance ministry. To be sure, the TDS data involve locations where crypto-exchanges are based and not locations of actual trades.
GST DAILY – 389 : Advisory for Reporting TDS Deducted by scrap Dealers in October 2024
Advisory for Reporting TDS Deducted by scrap Dealers in October 2024
Notification no. S.O.3288(E) dt-18.07.25-income tax
Department of Revenue issued Notification no. S.O.3288(E) dt-18.07.25 to provide exemption from TDS u/s 197A(1F) of the Income-tax Act, 1961 to the payments received by International Crops Research Institute for the Semi-Arid Tropics (ICRISAT).
Notification no. 67/2025 dated 20.06.2025- Income tax
CBDT issued notification no. 67/2025 dated 20.06.2025 notifying no deduction of TDS under the provisions of Income tax in respect of certain payments, made by any ‘payer’ to a payee, being a Unit in an International Financial Services Centre.
PPT: TDS on Virtual Digital Assets u/s 194S (AY 2025-26)
CA Nitin Bhuta Mumbai presented a PPT on TDS on Virtual Digital Assets u/s 194S for AY 2025-26.
View TDS on Cash Withdrawal u/s 194N FAQs
1. What is TDS on cash withdrawal u/s Section 194N about?
I am paying monthly rent more than Rs 50,000. Should I deduct TDS monthly or once yearly?
I am paying a monthly house rent of more than Rs 50,000. As per Section 194-IB of the Income Tax Act, I understand that TDS is applicable. Should I deduct and deposit TDS every month, or can it be done once at the end of the financial year in a single payment?
New Tax Bill 2025: No Nil TDS certificate for all taxpayers including NRIs; What does it mean for Indians and NRIs?
It seems that due to deletion of two words – ‘no deduction’ in the proposed new Income Tax Bill 2025 will result in removal of the concept of ‘nil TDS’ certificate for both Indian taxpayers and non-residents including NRIs.