Category: Income Tax Circular

New TDS Rules for NRI Property Transactions – CBDT Notification 121/2026

The Central Board of Direct Taxes (CBDT), through Notification No. 121/2026 dated 22nd September 2026, has introduced the Income-tax (Fifth Amendment) Rules, 2026 to simplify TDS compliance for resident individuals… Read more »

No TDS on Aircraft and Ship Lease Rentals Paid to IFSC Units

The CBDT has issued two notifications extending TDS relief to GIFT City’s International Financial Services Centre (IFSC) – this time targeting the aviation and shipping leasing sectors. Both notifications, dated… Read more »

No TDS on Payments to GIFT City IFSC Units

The Central Board of Direct Taxes (CBDT) has issued a fresh notification – Notification No. 80/2026, dated 10th July 2026 – that removes the requirement to deduct TDS on several… Read more »

Procedure for UIN Generation under Form 121 – CBDT Notification

The Income-tax Department under the new Income Tax Act, 2025 has issued Notification No. 01/CPC (TDS)/2026 dated 28th March, 2026, specifying the procedure, formats and standards for generation and allotment… Read more »

CBDT Circular No. 3/2025 – Income Tax Deduction from Salaries for March Quarter

The Central Board of Direct Taxes (CBDT) has released Circular No. 3/2025 on 20th February 2025, providing updated guidelines on Income-Tax Deduction from Salaries during the Financial Year 2024-25 for… Read more »