Who is Liable to Deduct Tax Under Income Tax Act 2025 Under the new Income-tax Act, 2025, the government has streamlined the rules regarding who must deduct Tax Deducted at Source (TDS). While Companies and Partnership Firms are almost always required to deduct TDS, the rules for Individuals and Hindu Undivided Families (HUFs) depend entirely… Read More »
What is TDS? Complete Guide on Who Must Deduct Tax Under Income Tax Act 2025 Under the Income-tax Act, 2025, the government has consolidated and renumbered the provisions for Tax Deducted at Source (TDS). While the core concept remains the same—collecting tax at the very source of income generation—the categories of people liable to deduct… Read More »
New Changes For TDS on Rent in Income Tax Act 2025 Under the new tax framework, the provisions for TDS on Rent have been consolidated under Section 393(1). The rules differ depending on whether the tenant is an ordinary individual or a business entity. 1.TDS on Rent ; For Individuals & HUFs (Non-Business Cases) This… Read More »