Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) ...

Taxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under ...

As the fiscal year 2024-25 draws to a close, taxpayers should prepare to submit their Income Tax Returns (ITR) for Assessment ...

The landlord’s PAN must be mentioned in the TDS challan. However, if the PAN is missing or inactive, the TDS is levied at 20% under Section 206AA. On the other hand, for Non-Resident Indian (NRI) ...

- Taxpayers requesting an extension by April 15, 2025, have until October 15, 2025, to file. However, if they file in April ...

1. Same Provisions, Same Data Requirements: The Income Tax provisions for claiming tax treaty benefits haven’t changed. Non-residents still need to provide the same basic information: their status, ...

If your monthly rent exceeds ₹50,000 and you’ve claimed HRA without deducting Tax Deducted at Source (TDS), the Income Tax Department’s automated system may flag your return.

You pay your rent diligently each month, file your income tax returns on time, and even claim your House Rent Allowance (HRA). But suddenly, an unexpected Income Tax Notice arrives, questioning ...

India’s move to withdraw its ‘Google tax’ is probably an attempt to soften US tariff blows. But our principled advocacy of fairly split taxes on multinational corporations must not flag.

A middle-aged juice seller, who runs a small kiosk at the district court compound here, was left in shock after allegedly receiving an income tax notice seeking an outstanding payment of Rs 7.79 ...