New TDS, TCS rules 2025: Key changes impacting income taxpayers starting April 1. All you need to know

The new income tax bill has changed the TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) rules several times.
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New Tax Rule: Partnership Firms to Deduct TDS on Payments to Partners from April 1, 2025

The Indian government has introduced a new tax rule for partnership firms, which will come into effect from April 1, 2025. This rule mandates that firms must deduct Tax Deducted at Source (TDS) on ...
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CBDT clarifies TDS rules on bank interest under Income Tax Act, 2025

Did our AI summary help? The Central Board of Direct Taxes (CBDT) has issued a clarification regarding the definition of a "banking company" for the purpose of Tax Deducted at Source (TDS) on interest ...
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CBDT clarifies TDS on bank interest under Income Tax Act 2025: Key updates, thresholds and smart money moves | Explained

AI Quick Read The Central Board of Direct Taxes (CBDT) recently issued an important clarification on the concept of Tax Deducted at Source (TDS) for bank interest. The CBDT issued the clarification ...
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Income Tax dept launches new TDS TRACES portal for taxpayers: Here's how to access website, forms, what's different

The Income-Tax (I-T) Department has launched its revamped and upgraded TDS Reconciliation Analysis and Correction Enabling System website i.e. TRACES portal aimed at providing single window access to ...