In a relief to small taxpayers, the finance minister has proposed to give them an option to file applications for obtaining ...

The Finance Bill introduced daily fines and a flat penalty for incorrect crypto disclosures while leaving the existing tax ...

Mr. Patel runs a convenience store at a gas station in the USA and he bought a property in India for Rs 66.95 lakh. The tax dept sent him a notice asking for an explanation. He explained that all his ...

In most cases, refunds are issued within a few weeks to a few months. Delays may occur due to mismatches in TDS details, bank account validation issues, or cases selected for scrutiny. In effect, ...

For a Non-Resident Indian (NRI), Indian taxation is not “global income” based. The core principle is source-based taxation: you pay tax in India mainly on income that accrues/arises in India, or is ...

TDS on salary is one of the most common and closely monitored compliances under the Income Tax Act. If you are an employer—whether running a proprietorship, partnership, LLP, or company—deducting and ...

TDS return filing, an integral part of the tax system, involves reporting and submitting details of tax deductions made at the source. It ensures smooth tax collection and helps individuals comply ...