Budget 2026: New Income Tax Act 2025, TDS-TCS overhaul and compliance relief headline sweeping tax reforms

Budget 2026 delivered significant relief through a rationalisation of TDS and TCS provisions. The TCS rate on overseas tour ...

Tax dept denies Rs 73 lakh TDS credit as taxpayer being unaware did not claim it in ITR; ITAT Mumbai gives relief to taxpayer

The Income Tax Appellate Tribunal Mumbai has ruled in favour of a taxpayer. The tribunal stated that the tax department must ...
Tax Guru

No TDS Liability on Foreign Commission as Income Not Taxable in India

This case addressed the allowability of commission paid to non-resident agents without TDS. The Tribunal held that since the income was not chargeable to tax in India and agents had no PE, Section ...

NRIs selling property in India face a maze of income tax, TDS rules: Simplification urged in Budget 2025

In a purchase or sale of immovable property located in India by Non-Resident Indian Citizens (NRIs), the compliances differ ...

Will 30% tax on cryptocurrency see a reduction in Budget 2026? Here’s what experts think on income tax, TDS and loss set-off rules on VDAs

India's crypto community eagerly awaits Budget 2026. Investors and experts hope for a fairer tax regime for Virtual Digital ...
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New Tax Bill 2025: No Nil TDS certificate for all taxpayers including NRIs; What does it mean for Indians and NRIs?

It seems that due to deletion of two words – ‘no deduction’ in the proposed new Income Tax Bill 2025 will result in removal of the concept of ‘nil TDS’ certificate for both Indian taxpayers and ...

Union Budget 2026 Tax Updates: Tax Holiday Till 2047 For Global Cloud; TCS & TDS Cuts Explained

In the Union Budget 2026-27, Finance Minister Nirmala Sitharaman introduced initiatives to enhance digital infrastructure and ease compliance.