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Section 194J of the Income Tax Act, 1961 deals with Tax Deducted at Source (TDS) on payments made to professionals and technical service providers. It ensures that tax is collected at the time of payment itself, helping maintain compliance and reducing evasion. This section applies to services rendered by professionals such as doctors, engineers, consultants, and IT experts. With the recent updates from Budget 2025, the threshold limit has increased to ₹50,000, and TDS rates

Section 195 of the Income Tax Act, 1961 mandates deduction of Tax Deducted at Source (TDS) on payments made to non-residents such as NRIs and foreign companies. It ensures that tax is collected at the source when income arises from India, covering payments like interest, royalty, professional fees, rent, and capital gains. This mechanism prevents tax evasion and secures government revenue by holding the payer accountable for deduction and remittance of tax to the government

Filing TDS returns online ensures transparency, compliance, and timely credit of taxes deducted at source. Every deductor, whether an employer, business, or individual, must report tax deductions accurately using the Income Tax Department’s e-filing portal. The process involves registration, preparation, validation, and electronic submission of quarterly statements. The Income Tax Department has refined its e-filing system for FY 2025-26, making it easier for deductors to com

Form 16A and Form 16B are both TDS certificates under Indian tax laws, but they serve entirely different purposes. Form 16A applies to non-salary income such as interest, rent, or professional fees, while Form 16B is specific to TDS deducted on property transactions above ₹50 lakh. Knowing how these forms differ ensures accurate filing, proper TDS credit claims, and smooth tax compliance. With digital platforms like TaxBuddy simplifying TDS tracking and filing, taxpayers c

Section 194N of the Income Tax Act regulates cash withdrawals beyond prescribed limits to promote transparency and discourage unaccounted cash transactions. Introduced to drive the shift toward digital payments, this section requires banks, co-operative societies, and post offices to deduct TDS when withdrawals exceed ₹1 crore annually. Budget 2025 has refined thresholds, exemptions, and compliance processes, making it vital for both individuals and entities to stay informed

Freelancers and consultants in India face unique tax challenges — from managing advance tax payments and GST compliance to selecting the right tax regime. Effective tax planning helps minimize liability and ensures compliance with changing laws. With updates from Budget 2025, freelancers now have clearer options for deductions, presumptive taxation, and reporting income through ITR-3 or ITR-4 forms. Platforms like TaxBuddy simplify these processes using AI-driven tools and e

Capital gains tax in India is imposed on profits earned from selling capital assets such as property, stocks, or mutual funds. The taxation depends on how long the asset was held before it was sold. Assets sold within a short duration attract short-term capital gains tax, while those held longer fall under long-term capital gains tax. Understanding these two categories helps taxpayers plan better, minimize liabilities, and comply with the Income Tax Act, 1961. Short-term and

A domicile certificate is a crucial document that certifies a state's citizens' place of abode. For this reason, getting a copy of this document is crucial since it's required when using a number of government services. Applying for government jobs, state quota admissions, scholarships, and welfare programs all require it. Maharashtra residents can apply for a domicile certificate online using the Aaple Sarkar portal or in person at the offices of the Tehsildar, Sub-Divisiona

The Rent Control Act in India outlines the rights and responsibilities of both tenants and landlords. It regulates rent prices, prevents unfair evictions, and ensures fairness in rental agreements. While the federal law has been around since 1948, each state has crafted its own version, adding rules that reflect the specific needs of its communities. It is important to be aware of tenant protections and landlord rights in the legal structure of rental agreements and the appli

Managing finances, increasing income, and meeting the never-ending compliance standards are just a few of the difficulties that come with operating a business in India. Form DPT-3 is one such important yet frequently disregarded file. All Indian businesses, with the exception of government agencies, are required to submit this annual report detailing their deposits, loans, and non-deposit revenues. Every year on June 30th, firms must submit Form DPT-3 in order to avoid fines