Category: Tax Year

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 »

How to Pay TDS on Purchase of Property from NRI – TY 2026-27

Where a resident buyer purchases immovable property from a Non-Resident Indian (NRI), tax is required to be deducted at source before making payment to the seller. Under the new Income-tax… Read more »

TDS / TCS Rate Chart Tax Year (FY: 2026-27)

With the new Income-tax Act (applicable from tax year 2026–27), TDS / TCS provisions are consolidated into a few sections (mainly Section 393), with rates specified through tables. Each table… Read more »