The Income Tax Department has released a new brochure explaining Section 194-IB which relates to obligations of a tenant to pay Tax Deducted at Source (TDS) by deducting it from house rent. This ...

Complex tax regulations concerning property sales by Non-Resident Indians (NRIs) are causing significant financial blockages ...

Challan is a form that is used to pay taxes to the government. The authorized banks receive the tax paid through a challan before it is deposited with the Income Tax department. Payments made with ...

ET Wealth Reader's Query: Is TDS applicable on brokerage paid by an individual seller to an individual real estate broker? If yes, how should the seller remit the TDS amount to the government?

Complex tax regulations for Non-Resident Indian (NRI) property sellers are causing significant fund blockage, with 12.5% to ...

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. Tax deduction at source (TDS) or ...

The government relies significantly on income tax as a revenue source. Moreover, it obligates taxpayers to fulfil their fiscal duties through timely payments. The process involves challans used for ...