#TDS

Crypto and VDA Tax in India for AY 2026-27: The 30% Flat Rate, 1% TDS, Schedule VDA in ITR, and the New Section 509 Reporting Regime from 1 April 2026

Kartik Shah · May 5

Personal Finance

Crypto and NFT gains are taxed at a flat 30% under Section 115BBH (Section 194 of IT Act 2025) — only cost of acquisition deductible, no loss set-off, no carry-forward. 1% TDS under 194S. Disclose in Schedule VDA. From 1 April 2026: exchanges report under Section 509; penalties under Section 446.

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TDS on Sale of Property in India: Resident vs NRI Seller, Section 393(1) and 393(2) Mechanics Under the Income-tax Act, 2025

Priya Sharma Editorial Team · Apr 30

Income Tax

TDS on property sale under the Income-tax Act, 2025: resident seller 1% TDS under Section 393(1) [Sl. 3(i)] above Rs 50 lakh; NRI seller TDS under Section 393(2) [Sl. 17] — no threshold, 12.5% LTCG / slab STCG plus surcharge. Form 141 replaces Form 26QB; Section 395 / Form 128 lower-TDS.

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Form 125 Explained: How Specified Senior Citizens Skip ITR Filing Entirely Under the Income-tax Act, 2025

Deepak Jain · Apr 27

Income Tax

Form 125 under the Income-tax Act, 2025 replaces Form 12BBA. Resident senior citizens 75+ with only pension and interest from the same specified bank can skip ITR — the bank computes income, applies the Section 87A rebate, and deducts TDS under Section 393(1) Sl. No. 8(iii).

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Form 121 Replaces Form 15G & 15H from April 2026: A Major Shift in TDS Compliance Framework

Nisha Agarwal · Apr 13

Income Tax

From April 1, 2026, Form 15G and 15H are being replaced by a unified Form 121 under new tax rules. The move simplifies TDS exemption declarations for taxpayers with nil tax liability, bringing a single, streamlined compliance system.

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TDS Timing Rules for Cross-Year Transactions: Old Act vs New Act 2025

Priya Sharma Editorial Team · Apr 8

Income Tax

With the Income Tax Act 2025 taking effect from FY 2026-27, cross-year transactions create TDS timing complexity. This article covers 5 common scenarios and clarifies which Act governs TDS in each case.

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Turnover-Based TDS Obligations for Individuals and HUFs from 1st April 2026 — Complete Guide

Priya Sharma Editorial Team · Apr 2

Income Tax

From 1st April 2026, individuals and HUFs exceeding turnover thresholds of Rs 50 Lakh (profession), Rs 1 Crore (business), or Rs 10 Crore (194Q goods) during FY 2025-26 must deduct TDS. Covers applicable sections, rates, practical examples, and penalties.

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The Income-tax Act, 2025 Is Now in Force: What Every Tax Professional Must Know

Sanjay Patel · Apr 1

Income Tax

The Income-tax Act, 2025 replaced the 65-year-old IT Act, 1961 from 1st April 2026. Key changes: 536 sections (down from 819), unified Tax Year replacing PY/AY, TDS consolidated into Sections 392-393, 190 simplified forms, and Section 536 transition provisions.

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The Quiet TDS Trap in the 1 April 2026 Transition: How the "Earlier of Credit or Payment" Test Decides Whether You Cite the 1961 Act or Section 393

Vikram Mehta Editorial Team · Mar 23

Income Tax

The 1 April 2026 cutover to the Income-tax Act, 2025 hides a quiet TDS trap. Deduction events whose earlier-of-credit-or-payment date falls on or before 31 March 2026 stay under the 1961 Act (old section codes, Form 26Q/27Q), even if deposited in April. Later events move to Section 393.

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TCS on Sale of Goods Under Section 206C(1H): Rules and Status

Karan Malhotra Editorial Team · Mar 2

Income Tax

Section 206C(1H) required sellers to collect TCS at 0.1% on goods sales above Rs 50 lakh. It ceased to apply from 1 April 2025.

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TDS Return Filing: Form 24Q, 26Q and 27Q Due Dates for FY 2025-26

Pooja Verma · Feb 28

Income Tax

TDS return filing guide: Form 24Q, 26Q, 27Q due dates for FY 2025-26, penalties, and how to file quarterly returns.

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Form 15CA and 15CB: When Are They Required for Foreign Payments

Sanjay Patel · Feb 12

Income Tax

Understand when Form 15CA and 15CB are needed for foreign remittances, the four parts of 15CA, and exemptions under Rule 37BB.

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Section 194C: TDS on Payments to Contractors for FY 2025-26

Amit Saxena · Jan 25

Income Tax

TDS under Section 194C applies at 1% or 2% on contractor payments exceeding Rs 30,000 per transaction or Rs 1 lakh per year.

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TDS on Property Purchase: Section 194-IA, Form 26QB and Compliance Guide

Suresh Menon · Jan 22

Income Tax

Buyer guide to TDS under Section 194-IA: 1% deduction when sale value is Rs 50 lakh or more, Form 26QB filing and penalties.

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Crypto and VDA Tax in India for AY 2026-27: The 30% Flat Rate, 1% TDS, Schedule VDA in ITR, and the New Section 509 Reporting Regime from 1 April 2026

TDS on Sale of Property in India: Resident vs NRI Seller, Section 393(1) and 393(2) Mechanics Under the Income-tax Act, 2025

Form 125 Explained: How Specified Senior Citizens Skip ITR Filing Entirely Under the Income-tax Act, 2025

Form 121 Replaces Form 15G & 15H from April 2026: A Major Shift in TDS Compliance Framework

TDS Timing Rules for Cross-Year Transactions: Old Act vs New Act 2025

Turnover-Based TDS Obligations for Individuals and HUFs from 1st April 2026 — Complete Guide

The Income-tax Act, 2025 Is Now in Force: What Every Tax Professional Must Know

The Quiet TDS Trap in the 1 April 2026 Transition: How the "Earlier of Credit or Payment" Test Decides Whether You Cite the 1961 Act or Section 393

TCS on Sale of Goods Under Section 206C(1H): Rules and Status

TDS Return Filing: Form 24Q, 26Q and 27Q Due Dates for FY 2025-26

Form 15CA and 15CB: When Are They Required for Foreign Payments

Section 194C: TDS on Payments to Contractors for FY 2025-26

TDS on Property Purchase: Section 194-IA, Form 26QB and Compliance Guide

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