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
Tag: TDS
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.
Paying rent above Rs 50,000? You can be classified as assessee in default by income tax dept if you fail to deduct TDS
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.
Notification no. 27/2025 dated 04.04.2025- Income tax
The Central Government hereby specifies that no deduction of tax shall be made under section 194EE of the Act on payment of amount referred to in clause (a) of sub-section (2) of section 80CCA, which is withdrawn by an assessee being an individual, on or after the date of publication of notification no. 27/2025 dated 04.04.2025