Employees with foreign income face less gross take home salary due to higher TDS as employers can’t apply FTC; why Budget ...

Complex tax regulations concerning property sales by Non-Resident Indians (NRIs) are causing significant financial blockages ...

Verify that salary income and TDS from all employers appear correctly in Form 26AS and AIS, as employers calculate tax ...

These can increase your tax liability and also result in penalties, fines and notices from the tax department.

With Budget 2026 on the horizon, the ICAI has proposed allowing married couples to file joint income-tax returns, aiming to ...

As per the Income Tax Department guidelines, it generally takes 4 weeks to 5 weeks to credit a refund to a taxpayers account.

Section 194T mandates 10% TDS on salary, interest, and remuneration paid to partners. Firms must now deduct tax at source ...

Waiting for a tax refund requires patience, and getting a message saying this is being held up can be frustrating. Most people immediately start to think that maybe some sort of penalty or big problem ...

TCS is a 1% tax on motor vehicles over ₹10 lakh. Buyers can claim a refund when filing their annual ITR, provided they meet ...

The Tribunal ruled that section 234E fee cannot be imposed for periods before 01.06.2015. In absence of jurisdictional High Court ruling, the interpretation favourable to the assessee was ...

Many salaried employees see a sudden spike in TDS between January and March because employers recalculate taxes after ...

The new Income Tax Act, 2025, replacing the six-decade old law, will be enforced from April 1. The revised legislation simplifies tax laws and reduces litigations.