In immovable property sale cases, NRIs may face both TDS and TCS depending on how the sale proceeds are handled.
As per Section 397(3)(f) of the Income Tax Act, 2025, deductors and collectors are allowed a period of two years from the end ...
The landmark Income-tax Act, 2025, which replaced the six-decade-old 1961 law, promised simplicity by eliminating provisos and explanations. But according to O.P. Yadav, former Principal Commissioner ...
the Income-tax Rules continue to impose “avoidable compliance hurdles and financial stress” on honest taxpayers. He pointed in particular to TDS credit mismatches, overlapping TDS and TCS on NRI ...