The landmark Income-tax Act, 2025, which replaced the six-decade-old 1961 law, promised simplicity by eliminating provisos and explanations. But according to O.P. Yadav, former Principal Commissioner ...
CII noted that tax litigation continues to burden businesses, with more than five lakh appeals involving nearly ₹18 lakh ...
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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 ...
Did you know that an excess amount of cash withdrawal from a bank or post office can lead to deduction of TDS? This deduction kicks in when the sum withdrawn is higher than the permitted threshold.
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