Where a resident buyer purchases immovable property from a Non-Resident Indian (NRI), tax is required to be deducted at source before making payment to the seller. Under the new Income-tax… Read more »
The provisions relating to collection of tax at source on foreign remittances and overseas tour programme packages have been restructured under the Income-tax Act, 2025. The earlier Section 206C(1G) of… Read more »
TDS / TCS – Deposit & Filing of Returns Important Update for Tax Year 2026-27: Pursuant to Rule 219 of the Income Tax Rules, 2026, the due dates for filing… Read more »
New version of File Validation Utility (FVU) for e-TDS/TCS statements is released by the Income Tax Department. FVU Version 1.1 – Applicable for quarterly TDS/TCS statements pertaining to TY 2026-27… Read more »
The provisions relating to TDS on fees for professional and technical services have been restructured under the Income-tax Act, 2025. The earlier Section 194J of the Income-tax Act, 1961 is… Read more »
The provisions relating to prosecution for failure to deposit Tax Deducted at Source (TDS) to the credit of the Central Government have been restructured under the Income-tax Act, 2025. The… Read more »
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