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When purchasing a property for more than Rs. 50 lakh, the buyer is required to deduct TDS, which is normally 1% of the property's value, before paying any sellers.

19% TDS might have to be paid by Property buyer out of his own pocket for this PAN related issue

An error message was received by taxpayers completing Q4 TDS returns (Form 24Q) and claiming standard deduction under section 16(ia) for Section 115BAC cases.

Error in Salary TDS Return Form 24Q for FY 2023-24 to be Rectified Soon; says IT Dept

Articles

In April 2024, salaried employees will need to select their income tax regime in order for their employers to deduct taxes from their salaries.

Which Income Tax Regime to choose? Can Election result impact decision of salaried Employee

Salaried individuals must choose a tax regime for TDS (tax deducted at source) on salary when the financial year begins on April 1.

TDS on Salary: Choosing Old Tax Regime helps in quicker ITR processing and IT Refund Claims?

Income tax officers have been directed to investigate the top 30 cases of short payment in cases of tax deducted at source (TDS) by June 30 of this year.

CBDT directs Officers to detect top 30 TDS Shortfall Cases by 30th June

An astonishing revelation has emerged linking a "prominent political party" to a suspected conspiracy to move Rs.200 crore through hawala transactions for distribution during the 2018 Lok Sabha elections.

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19% TDS might have to be paid by Property buyer out of his own pocket for this PAN related issue

Error in Salary TDS Return Form 24Q for FY 2023-24 to be Rectified Soon; says IT Dept

Which Income Tax Regime to choose? Can Election result impact decision of salaried Employee

TDS on Salary: Choosing Old Tax Regime helps in quicker ITR processing and IT Refund Claims?

CBDT directs Officers to detect top 30 TDS Shortfall Cases by 30th June

Income Tax Officials Uncover Plan to Bring Rs.200 Crore from Dubai for Tamil Nadu-Based Political Party Ahead of LS Elections