Summary: Section 51 of the GST Act mandates specified entities to deduct Tax Deducted at Source (TDS) on payments for goods or services under certain conditions. These entities include government ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.

The annual TDS exemption limit on rental income has been increased from ₹2.4 lakh to ₹6 lakh. “This will reduce the number of ...

The reduction in TDS and the GST relief provide immediate financial benefits, while the projected growth in agricultural insurance opens up new market segments. However, to fully capitalize on ...

The government has proposed reduction of the rate of tax deduction at source (TDS) applicable on commission income of insurance agents from April 1, 2025. With this, insurance commission will be ...

1. Re-evaluation of Safe Harbour Regulations (SHR): Taxpayers expect CBDT to relook at safe-harbour rates, remove the barrier ...

With the Union Budget 2026 approaching, travel and tourism industry experts express hopes for tax reforms, infrastructure ...

The GST is an indirect tax that replaced many others ... It followed this up with a 1% tax deduction at source (TDS), which is levied on salaries and other incomes, of those selling cryptocurrencies.