# tds
12 posts in `tds` tag
TDS Rates for FY 2025-26: A Comprehensive Guide by Section with Threshold Limits
Detailed handbook on TDS rates for the financial year 2025-26 addressing Sections 194A (interest income), 194C (contractual payments), 194I (rental payments), 194J (professional services), and 194Q (purchase of goods). Contains information on threshold limits and requirements for PAN.
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By Krishna
TDS Deducted is not equal to TDS Credit? How a mistake under Section 194IB led to a loss of 36,000 for this landlord.
An actual situation arose where the tenant incorrectly used a 5% TDS rate under Section 194I instead of the 2% rate under Section 194IB on the rent, leading to a 36,000 discrepancy in the credit shown on the landlord's 26AS. Discover the steps to rectify the issue for both parties involved.
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By Krishna
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Regulatory & Tax Compliance Calendar for FY 2025-26: Important Due Dates
A detailed month-by-month overview of statutory deadlines for Income Tax, GST, TDS, PF, ESI, and ROC submissions in the fiscal year 2025-26 (April 2025–March 2026) to guarantee compliance and prevent penalties.
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By Krishna
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143(1) Intimation Order – A Step-by-Step Guide for Taxpayers
An in-depth manual on Section 143(1) Intimation Orders, discussing the various types, adjustments, response methods, legal implications, and frequently asked questions to assist taxpayers in addressing discrepancies effectively.
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By Krishna
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TDS on Residential Property Rent: Section 194IB Rules & Rate Change 2024
A comprehensive overview of Section 194IB TDS applicable to residential rental payments exceeding ₹50,000. Discusses the reduction in the tax rate from 5% to 2% starting October 2024, provides calculation examples for the fiscal year 2024-25, outlines the payment procedure using Form 26QC, and details the penalties involved.
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By Krishna
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Updated TDS Rates and Limits Effective from April 1, 2025: Significant Modifications and Effects
The Indian Government has updated TDS rates and thresholds starting from 1st April 2025, providing relief for taxpayers. Major alterations encompass increased exemption limits for interest earnings (Section 194A), rental income (Section 194I), and professional charges (Section 194J), along with revised thresholds for real estate transactions and cryptocurrency dealings.
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By Krishna
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Circular No. 5/2025: Comprehensive Guide on Interest Waiver for TDS/TCS Delays
Circular No. 5/2025 offers support by canceling interest on delays in TDS/TCS as per Sections 201(1A)(ii) and 206C(7) of the Income-tax Act. This blog outlines who is eligible, the steps to apply, and the ways taxpayers can gain from this relief.
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By Krishna
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New TDS Rules for LLPs & Partnership Firms (2025): Key Changes & Compliance Guide
Recent TDS regulations for LLPs and Partnership Firms will be implemented starting April 1, 2025, which will impose taxation on payments made to partners, including profit distributions, interest, and salaries. This blog outlines the main modifications, the implications for compliance, and strategies for businesses to prepare.
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By Krishna
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Interpreting the CBDT’s Seventh Amendment Rules, 2025: Section 194T and Its TDS Effects.
The 7th Amendment Rules 2025 established by the CBDT introduces Section 194T, which requires a 10% TDS on salaries, bonuses, commissions, and other earnings. Understand its implications, necessary compliance measures, and how both businesses and individuals should adjust.
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By Krishna
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Scrutiny on Rental Income: Tax Notices for TDS Non-Compliance on High Rent
The Income Tax Department is intensifying its efforts against non-compliance regarding TDS deductions for rental payments that exceed
50,000 per month. Understand Section 194IB, the penalties for failing to deduct, and the procedures to follow when addressing tax notices.
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By Krishna
Rental Earnings Being Evaluated: Income Tax Notifications for Non-Withdrawal of TDS on Elevated Rent
The Income Tax Department is intensifying its efforts against non-compliance regarding TDS deductions for rental payments that exceed
50,000 per month. Understand Section 194IB, the penalties for failing to deduct, and the procedures to follow when addressing tax notices.
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By Krishna
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HRA Notice Alert! How to Respond and Prevent Future Issues
This detailed guide outlines the reasons taxpayers are issued HRA scrutiny notices, particularly for claims exceeding 5L. It also covers how to react by verifying claims, settling any unpaid TDS under Section 194IB, modifying ITR, and providing CA certificates to prevent penalties and future audits.
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By Krishna