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 »

TDS on E-commerce Transactions – Section 393(1) (194O)

The provisions relating to TDS on e-commerce transactions have been restructured under the Income-tax Act, 2025. The earlier Section 194O of the Income-tax Act, 1961 is now covered under Section… Read more »

TDS on Cash Withdrawals – Section 393(3) (Section 194N)

The provisions relating to TDS on cash withdrawals have been restructured under the Income-tax Act, 2025. The earlier Section 194N of the Income-tax Act, 1961 is now covered under Section… Read more »

TCS on Foreign Remittances and Overseas Tour Packages – Section 394(1) (206C(1G))

The provisions relating to collection of tax at source on foreign remittances and overseas tour programme packages have been restructured under the Income-tax Act, 2025. The earlier Section 206C(1G) of… Read more »

TDS / TCS – Annual Compliance Calendar

TDS / TCS – Deposit & Filing of Returns Important Update for Tax Year 2026-27: Pursuant to Rule 219 of the Income Tax Rules, 2026, the due dates for filing… Read more »