Section 194E TDS on Non-Resident Sportsmen (2026): 20% Rate, No Threshold & Section 393 Explained
Section 194E: 20% TDS on payments to non-resident sportsmen and sports associations — from the first rupee, with no threshold.
Income Tax, GST & Finance Guides for India
Section 194P: No ITR for Senior Citizens 75+ in AY 2027-28 (Form 125, Conditions & Bank TDS)
Resident senior citizens aged 75 or more need not file an ITR if their only income is pension plus interest from the same specified bank. Section 194P (now Section 393(1) Sl. 8(iii)) explained — conditions, Form 125 and bank TDS.
Capital Gains Tax on Shares and Mutual Funds AY 2027-28: STCG 20%, LTCG 12.5% & Rs 1.25 Lakh Exemption
Capital gains tax on shares and mutual funds in AY 2027-28: STCG 20%, LTCG 12.5% above Rs 1.25 lakh. Rates, holding periods, debt funds, ITR-2 and examples.
Tax on Inherited Property in India (AY 2027-28): No Inheritance Tax, But Capital Gains on Sale
Inheriting property in India costs no tax — there is no inheritance tax. Tax applies only when you sell, as capital gains on the previous owner’s cost. Here are the AY 2027-28 rates, the indexation choice, and how Sections 54, 54F and 54EC can cut the bill.
Income Tax Filing Form 16 (Form 130) for AY 2027-28: Download Steps, 15 June 2027 Date & ITR Guide
Form 16 is now Form 130 for AY 2027-28. Your employer must issue it by 15 June 2027, and you cannot download it from TRACES yourself. Here is how to get it, open it, and use it to file your ITR by 31 July 2027.
Union Budget 2027: Date, Income Tax Expectations & What Salaried Taxpayers Should Do Now
Union Budget 2027-28 is expected on Monday, 1 February 2027 — the first full Budget under the new Income-tax Act, 2025. No income tax relief is confirmed yet. Here are the current slabs, the wishlist, and your pre-Budget checklist.
TDS Return Due Date Q4: 31 May 2027 — Forms 138, 140, 144, Late Fee & How to File
Q4 TDS return due 31 May 2027 — Forms 138, 140, 144, Rs 200/day late fee, Form 16 by 15 June 2027. Full filing guide.
TDS Return Due Date Q3: 31 January 2027 — Forms 138, 140, 144, Late Fee & How to File
Q3 TDS return (Oct-Dec 2026) is due 31 January 2027 — a Sunday. Forms 138, 140, 144 and TCS Form 143, the Rs 200/day late fee, and the filing steps.
Advance Tax 15 March 2027: Last Instalment, 100% Rule, Interest & How to Pay
Advance tax 15 March 2027 is the final instalment for Tax Year 2026-27. By this Monday, 100% of your estimated tax must be paid — here are the dates, the 1% interest rules, and how to pay online.
ITR Filing AY 2027-28 (FY 2026-27): Due Dates, New Income Tax Act Changes & How to Prepare
ITR filing AY 2027-28: last dates 31 July and 31 August 2027, new Income-tax Act 2025 section numbers, and how to prepare early.