Decoding the Applicability of New TDS Provisions on Sale of Securities
Transactions involving the sale of shares by non-resident shareholders have traditionally been subject to withholding tax under the Income-tax Act, 1961 (“IT Act”), provided that the gains arising from such sales are taxable in India. However, for resident sellers, there was previously no requirement to withhold tax on gains from the sale of shares or […]
Highlights of Direct Tax proposals in FINANCE BILL, 2025
Finance Minister Nirmala Sitharaman presented her record 8th consecutive Union Budget 2025-26 today (on February 1, 2025) of Modi 3.0 Government. Key highlights of direct tax proposals are as under: Total Income Rate of Tax Upto Rs. 4 Lakh Nil More than Rs. 4 Lakh to Rs.8 Lakh 5% More than Rs. 8 Lakh to […]
TDS & TCS Rate Changes from April 1, 2025: What You Need to Know
TDS & TCS Rate Changes from April 1, 2025: What You Need to Know Budget 2025 raises TDS exemption limits, removes TCS on some goods, and lowers tax rates for key transactions The Union Budget 2025 has introduced major changes in TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) provisions to simplify […]