Read the TDS Section of Your AIS Carefully — It May Have Entries the SFT Doesn’t!
Read the TDS Section of Your AIS Carefully — It May Have Entries the SFT Doesn’t When you open the Annual Information Statement (AIS), it’s natural to go straight to the SFT section first. That’s where the big, high-value transactions sit — property purchases, mutual fund investments, large deposits. It’s the part that usually catches […]
From 1961 to 2025: Understanding TDS Obligations During Transition
Introduction The transition from the Income-tax Act, 1961 to the Income-tax Act, 2025 marks a significant shift in how tax deduction at source (TDS) obligations are governed. For deductors, the key lies in understanding the timing of credit or payment, as this determines which Act applies. While the substantive provisions such as rates and thresholds […]