Blog tagged as Income Tax

TDS Challan: Nature of Payment Code and others under Income Tax Act 2025

By Nandhakumar & Sundaran

The Income-tax e-filing portal prescribes Nature of Payment (NOP) codes ranging from 1001 to 1095 for TDS payments under Challan 281.

 

These codes are system-driven classifications available on the income-tax portal and are not explicitly prescribed under the Act or Rules. Therefore, the porta...

07.05.2026 04:19:23 PM - Comment(s)
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Income Tax Act 2025 - Tax Year 2026-27 onwards

By Nandhakumar & Sundaran

Income Tax Act 2025 - Tax Year 2026-27 onwards
02.04.2026 03:21:16 PM - Comment(s)
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TDS Rate Chart FY 2025-26

By Nandhakumar & Sundaran

TDS Rates FY 2025-26
09.10.2025 05:29:27 PM - Comment(s)
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TDS under section Section 194T of the Income Tax Act,1961

By Nandhakumar & Sundaran

Section 194T of the Income Tax Act, introduced in the Union Budget of 2024, mandates that partnership firms and Limited Liability Partnerships (LLPs) deduct Tax Deducted at Source (TDS) on certain payments made to their partners. This provision aims to enhance tax compliance and transparency within ...
15.03.2025 04:52:06 PM - Comment(s)
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Income Tax Bill 2025

By Nandhakumar & Sundaran


22.02.2025 03:45:21 PM - Comment(s)
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