This proposal is important as excess tax deduction at source (TDS) creates liquidity challenges for small taxpayers. They have to wait for refunds after filing their returns. For instance, a ...

Finance Minister Nirmala Sitharaman announced a series of taxpayer-friendly measures in the Union Budget 2026-27 aimed at easing compliance for small taxpayers. These include a simpler, rule-based TDS ...

If the seller is a NRI, taxes are withheld at a higher rate, and the buyer is also required to obtain a TAN, deposit the tax deducted and file e-TDS returns.