Withdrawing from your EPF before five years may incur TDS if the amount is over ₹50,000. Exemptions exist for those with nil ...

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 ...

The government has introduced major changes in income tax forms under the new Income Tax Rules 2026, including the ...

Learn about EPF withdrawal rules in 2026. Avoid TDS and tax deductions by understanding the 5-year service threshold. Read our guide for expert financial tips.

Bombay High Court upheld deletion of disallowance under Section 40(a)(ia) where there was only short deduction of TDS and the recipients had already paid taxes. The Court also reiterated that the ...

Fixed deposit interest remains a key source of passive income for many Indians, but it also attracts tax rules under the Income Tax Act. From TDS thresholds and PAN requirements to Form 15G/15H ...

EPFO update: Form 121 replaces 15G and 15H - What EPF members must know about new TDS rules (AI-generated image) In a significant compliance change aligned with the new tax regime, the Employees ...

Employees withdrawing money from their EPF accounts before completing five years of continuous service could face tax ...

Consequences of non-filing: There is no statutory penalty merely for not filing Form 121. However, non-submission may lead to ...

Tribunal ruled that compliance with judicial orders restraining deduction of tax at source cannot attract liability under Sections 201(1) and 201(1A) of the Income Tax ...