TDS
5 articles tagged TDS.
NRI Selling Property in India 2026: TDS, Section 54 Exemption, Lower Deduction Certificate
When an NRI sells Indian property, the buyer is legally required to deduct TDS under Section 195 — NOT the 1% Section 194-IA rate most people assume. The default rate is 20% / 12.5% on full sale value, which often vastly overshoots the actual capital-gains tax. The 2026 honest guide: how TDS actually works on NRI property sale, the Section 197 Lower Deduction Certificate that fixes overspending, the post-23-Jul-2024 capital-gains regime change, and Section 54 / 54F / 54EC exemptions.
TDS Numeric Payment Codes Explained: What Replaced 194C, 194J, 194H
Familiar TDS section numbers — 194C for contractors, 194J for professional fees — are retired under the Income-tax Act, 2025, replaced by a numeric payment-code system. Here's how the new structure works.
How to Download Your Bank Interest Certificate for ITR (India 2026)
A practical guide to downloading your bank interest certificate, how it differs from Form 16A, and using it to report interest income and reconcile against AIS and Form 26AS when filing your ITR.
Tax on FD Interest: How TDS Works and How to Save Legally
Banks deduct TDS on FD interest above Rs 40,000 (Rs 50,000 for seniors). Here is how it works, when to submit Form 15G/15H, and legal ways to reduce your tax on fixed deposit interest in India.
Form 16 Explained: How to Read Every Section Like a Pro
Your employer just emailed Form 16. It is 4 pages of numbers and you have no idea what any of it means. Here is how to read every section like a tax consultant.