Explains source-based taxation for NRIs, highlighting taxable Indian income and compliance essentials. Takeaway: focus on India-source income and avoid reporting foreign ...

Good news for individual taxpayers including salaried as the Income Tax Department has released Form 13 which is used for applying for lower or nil rate of TDS deduction for FY 2025-26. This form can ...

ITAT Mumbai held that TDS credit duly reflected in Form 26AS cannot be denied just because of some procedural lapse. Accordingly, order is set aside and the present appeal is ...

Delhi HC quashed the penalty and directed TDS credit correction for NRI due to a buyer's form error in a 2015 property sale case. (Bloomberg) A Non-Resident Indian ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Over the past few years, the tax ...

The compliance cycle for January kicks off early. January 7, 2026, is the key deadline for depositing TDS and TCS deducted or ...

ITR filing: Form 16, a crucial document for salaried taxpayers, is issued by employers, detailing TDS on salary. It contains vital information like employer/employee details, income earned, and ...

Can non-residents submit Form 15G for the receipt of interest income without the deduction of tax at source? Is it mandatory to inform the banks about the change in residential status? Today's Ask ...

A 1 percent TDS (under Section 194S) is deducted on crypto and NFT transfers. With many administrations around the world and large private organisations starting to embrace the validity of crypto ...