NRIs selling property in India face higher Tax Deducted at Source (TDS) than resident sellers. Long-term capital gains attract TDS at 12.5% plus surcharge and cess, while short-term gains are taxed at…
India can become a $20 trillion economy by 2036 if it carries out sustained structural reforms, according to an Equirus research report. The report proposes a 20-step agenda including listing Indian Railways,…
The Income Tax Department has begun a nationwide examination of overseas remittances flagged as suspicious, drawing attention to Form 146, a chartered accountant's certificate required for certain taxable foreign payments under the…
From 1 April 2026, taxpayers can use Form 128 to obtain lower or nil tax deduction certificates. These certificates allow payers to deduct tax at a reduced rate instead of the standard…
The Income Tax Department is preparing rules to let taxpayers apply online for lower or nil TDS certificates. Minister of State for Finance Pankaj Chaudhary told the Lok Sabha the enabling rule,…
Paying rent in cash does not automatically disqualify salaried individuals from claiming House Rent Allowance (HRA) under the old tax regime, says a Livemint report. However, since cash payments leave no digital…
Interest from fixed deposits and Kisan Vikas Patra will remain taxable under the Income Tax Act, 2025, which applies from 1 April 2026, Livemint reports. Both are taxed under “Income from Other…
The 2026 income tax filing season has exposed confusion among Indian crypto investors, Livemint reports. Data shared by KoinX founder Punit Agarwal shows that just 21.83% of platform users with crypto TDS…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.