TDS Rates for Non-Residents u/s 195 of Income Tax Act, 1961

	Nature of Payment	Co.	Others
1.	Long Term Capital Gains u/s 115E	NA	10%
2.	Other Long Term Capital Gains (excluding u/s 10(33), 10(36) & 10 (38))	20%	20%
3.	Short Term Capital Gains u/s. 111A	15%	15%
4.	Investment income from Foreign Exchange Assets	NA	20%
5.	Interest payable on moneys borrowed or debt incurred in Foreign Currency	20%	20%
6.	Royalty & Fees for technical services u/s. 115A - Agreement 1st June, 1997 to 31st May, 2005 - Agreement on or after 1st June 2005	20% 10%	20% 10%
7.	Winnings from Lotteries, Crossword Puzzles and Horse Races	30%	30%
8.	Any Other Income	40%	30%

Surcharge & Education Cess

Type of Payment	Surcharge	Rate	Education Cess (4.00%)
Payment to Non-Residents (other than Cos)	Upto 1cr	Nil	Yes
Payment to Non-Residents (other than Cos)	> 1 Crore	15%	Yes
Payments to Foreign Co.	Upto 1cr	Nil	Yes
	> 1 Crore	2%
	> 10 Crores	5%

Interest on delay in deposit of tax after deduction

Stage of deduction	Upto 30th June 2010 (Rate per month or part of the month)	From 1st July 2010(Rate per month or part of the month)
From date when deductible till actual deduction	1%	1%
From date of deduction till payment	1%	1.5%

News Section

News

21 Jul 25
GSTN to Reinstate Non-Editable Table 3.2 in GSTR-3B from July 2025
GSTR-3A Notices Erroneously Issued to Cancelled Composition Taxpayers Under GST: GSTN Advisory
AI-Powered Probe Helps Income Tax Dept Expose Fake Exemption Rackets
20 Jul 25
ICSI advises Uploading MGT-8 Certification as Optional Attachment in Form MGT-7 on MCA V3 Portal
Retrospective GST Penalty Valid If SCN Issued: Delhi High Court on Section 122(1A)
Himachal Pradesh HC Rejects Plea: Fake Addresses Suggest GST Evasion U/S 69
19 Jul 25
GST Applicable on Taxable Turnover Regardless of Payment Mode, Clarifies Karnataka Tax Department
MCA V3 Portal Shows Improvement After Initial Technical Glitches
Parliamentary Panel Endorses Time-Bound Resolution for Tax Litigations in Income Tax Bill Review
18 Jul 25
GST System Set to Roll Out New Enhancements for Data Security and Transparency in ASP-GSP Access
Lok Sabha Select Committee Proposes Changes to Income Tax Bill, 2025
GST System Set to Roll Out New Enhancements for Data Security and Transparency in ASP-GSP Access
MCA Slaps Penalty on Company for Breach of Section 12 of the Companies Act
Bombay High Court Upholds Manual Revision of Pre-GST Returns, Affirms Tax Credit Entitlement
Bombay HC Rules Against Copy-Paste GST Orders, Emphasizes Need for Independent Analysis
17 Jul 25
GST Portal opens Appeal Filing Window for Waiver Order (SPL-07)
TN AAAR: GST Exemption Not Available on School Transport if Parents Pay Directly
16 Jul 25
Supreme Court Dismisses Customs Appeal, No IGST on Re-Imported Aircraft Parts
Income Tax Dept Targets Fraudulent Deduction Claims in New Verification Operation
CBDT Reports Income Tax Refund Time Slashed to 17 Days in 2024 from 93 Days in 2013
Judicial and Technical Members of GSTAT Receive New Dress Code via Order No. 114/2025
Delhi HC Orders GST Dept to Process ?10.65 Lakh Refund with Interest After Lost Deficiency Memo
GST Crackdown Spurs Fear: Karnataka Traders Remove UPI QR Codes Amid Tax Notices
15 Jul 25
GST reforms: Home Minister Amit Shah set to open talks for consensus on rate Rationalisation
Judicial and Technical Members of GSTAT Receive New Dress Code via Order No. 114/2025
J&K Finance Dept Orders Payments Only to GST-Linked Bank Accounts for Contractors
GSTR-1 Alert: GSTN Addresses Glitch in Table 12A for B2C Reporting, No Action Required by Taxpayers
14 Jul 25
CBDT Extends Tax Exemption Timeline for Sovereign Wealth and Pension Funds Till March 31, 2030
GSTN Clarifies Table 12A Issue in GSTR-1 for B2C Transactions
Audit Timeline Extended for FY 2021-22 Under WBGST Act
13 Jul 25
J&K Government Makes GST-Linked Bank Accounts Mandatory for Contractor Payments
J&K High Court: Home Dept Must Reimburse GST on Requisitioned Hotel Rentals
12 Jul 25
New GSTAT User Manual (v2.6) Out Now: Covers Registration, Appeals, and Re-filing
IT e-Filing Portal Now Requires Aadhaar OTP to Update Email & Mobile Details
CBDT Signals Go-ahead: ITR 2 and ITR 3 Filing Now Open for FY 2024-25
11 Jul 25
CBDT Collects Rs 20,000 Crore in Q1 FY2025, Doubles Previous Year`s Recovery
Karnataka HC Quashes I-T Assessment Over Notice Sent to Old Email, Cites Denial of Fair Hearing
Beware of Fraudulent Emails: PIB Warns Against Fake E-PAN Card Download Links
MCA Designates CA, CMA, and CS in Appellate Authority Via Notification No. G.S.R. 456(E)
10 Jul 25
Odisha Records a 126% Increase in GST Collections Since FY19 to 25
09 Jul 25
CBDT Mandates Aadhaar OTP for Email, Mobile & PAN Updates
Cuttack ITAT Deletes ?5.01 Lakh Addition U/S 69A; Holds Demonetisation-Era Cash Deposits Were Business Receipts
Kerala HC: Section 148A Proceedings Invalid If Income Escaped Is Under ?50 Lakh and Notice Is Beyond 3-Year Limit
Gauhati HC Allows Revival of Cancelled GST Reg After Filing Pending Returns & Paying Dues
AP Agriculture Minister Urges Centre to Lower GST on Mango Pulp from 12% to 5%
08 Jul 25
Kerala HC: GST Notice Sent via WhatsApp Is Invalid Under Section 169 Prior to Seizure
Delay in Filing 10DA Form Treated As Procedural: Ahmedabad ITAT Permits Deduction U/S 80JJAA
Orissa HC Rules on Validity of Single GST Assessment Order for the Same Financial Year
Delhi HC Cancels GST Order Due to Wrong SCN Communication on GSTN Portal
07 Jul 25
CESTAT Delhi: Form 26AS Data Alone Insufficient to Prove Service Tax Liability
TR Refunds for AY 2025-26 Likely to Be Delayed as IT Dept Reviews Past Tax Records
GoM on GST Revenue Forms Panel to Curb Tax Evasion and Boost Compliance

21 Jul 25

GSTN to Reinstate Non-Editable Table 3.2 in GSTR-3B from July 2025

GSTR-3A Notices Erroneously Issued to Cancelled Composition Taxpayers Under GST: GSTN Advisory

AI-Powered Probe Helps Income Tax Dept Expose Fake Exemption Rackets

20 Jul 25

ICSI advises Uploading MGT-8 Certification as Optional Attachment in Form MGT-7 on MCA V3 Portal

Retrospective GST Penalty Valid If SCN Issued: Delhi High Court on Section 122(1A)

Himachal Pradesh HC Rejects Plea: Fake Addresses Suggest GST Evasion U/S 69

19 Jul 25

GST Applicable on Taxable Turnover Regardless of Payment Mode, Clarifies Karnataka Tax Department

MCA V3 Portal Shows Improvement After Initial Technical Glitches

Parliamentary Panel Endorses Time-Bound Resolution for Tax Litigations in Income Tax Bill Review

18 Jul 25

GST System Set to Roll Out New Enhancements for Data Security and Transparency in ASP-GSP Access

Lok Sabha Select Committee Proposes Changes to Income Tax Bill, 2025

GST System Set to Roll Out New Enhancements for Data Security and Transparency in ASP-GSP Access

MCA Slaps Penalty on Company for Breach of Section 12 of the Companies Act

Bombay High Court Upholds Manual Revision of Pre-GST Returns, Affirms Tax Credit Entitlement

Bombay HC Rules Against Copy-Paste GST Orders, Emphasizes Need for Independent Analysis

17 Jul 25

GST Portal opens Appeal Filing Window for Waiver Order (SPL-07)

TN AAAR: GST Exemption Not Available on School Transport if Parents Pay Directly

16 Jul 25

Supreme Court Dismisses Customs Appeal, No IGST on Re-Imported Aircraft Parts

Income Tax Dept Targets Fraudulent Deduction Claims in New Verification Operation

CBDT Reports Income Tax Refund Time Slashed to 17 Days in 2024 from 93 Days in 2013

Judicial and Technical Members of GSTAT Receive New Dress Code via Order No. 114/2025

Delhi HC Orders GST Dept to Process ?10.65 Lakh Refund with Interest After Lost Deficiency Memo

GST Crackdown Spurs Fear: Karnataka Traders Remove UPI QR Codes Amid Tax Notices

15 Jul 25

GST reforms: Home Minister Amit Shah set to open talks for consensus on rate Rationalisation

Judicial and Technical Members of GSTAT Receive New Dress Code via Order No. 114/2025

J&K Finance Dept Orders Payments Only to GST-Linked Bank Accounts for Contractors

GSTR-1 Alert: GSTN Addresses Glitch in Table 12A for B2C Reporting, No Action Required by Taxpayers

14 Jul 25

CBDT Extends Tax Exemption Timeline for Sovereign Wealth and Pension Funds Till March 31, 2030

GSTN Clarifies Table 12A Issue in GSTR-1 for B2C Transactions

Audit Timeline Extended for FY 2021-22 Under WBGST Act

13 Jul 25

J&K Government Makes GST-Linked Bank Accounts Mandatory for Contractor Payments

J&K High Court: Home Dept Must Reimburse GST on Requisitioned Hotel Rentals

12 Jul 25

New GSTAT User Manual (v2.6) Out Now: Covers Registration, Appeals, and Re-filing

IT e-Filing Portal Now Requires Aadhaar OTP to Update Email & Mobile Details

CBDT Signals Go-ahead: ITR 2 and ITR 3 Filing Now Open for FY 2024-25

11 Jul 25

CBDT Collects Rs 20,000 Crore in Q1 FY2025, Doubles Previous Year`s Recovery

Karnataka HC Quashes I-T Assessment Over Notice Sent to Old Email, Cites Denial of Fair Hearing

Beware of Fraudulent Emails: PIB Warns Against Fake E-PAN Card Download Links

MCA Designates CA, CMA, and CS in Appellate Authority Via Notification No. G.S.R. 456(E)

10 Jul 25

Odisha Records a 126% Increase in GST Collections Since FY19 to 25

09 Jul 25

CBDT Mandates Aadhaar OTP for Email, Mobile & PAN Updates

Cuttack ITAT Deletes ?5.01 Lakh Addition U/S 69A; Holds Demonetisation-Era Cash Deposits Were Business Receipts

Kerala HC: Section 148A Proceedings Invalid If Income Escaped Is Under ?50 Lakh and Notice Is Beyond 3-Year Limit

Gauhati HC Allows Revival of Cancelled GST Reg After Filing Pending Returns & Paying Dues

AP Agriculture Minister Urges Centre to Lower GST on Mango Pulp from 12% to 5%

08 Jul 25

Kerala HC: GST Notice Sent via WhatsApp Is Invalid Under Section 169 Prior to Seizure

Delay in Filing 10DA Form Treated As Procedural: Ahmedabad ITAT Permits Deduction U/S 80JJAA

Orissa HC Rules on Validity of Single GST Assessment Order for the Same Financial Year

Delhi HC Cancels GST Order Due to Wrong SCN Communication on GSTN Portal

07 Jul 25

CESTAT Delhi: Form 26AS Data Alone Insufficient to Prove Service Tax Liability

TR Refunds for AY 2025-26 Likely to Be Delayed as IT Dept Reviews Past Tax Records

GoM on GST Revenue Forms Panel to Curb Tax Evasion and Boost Compliance

Due Date Reminder

Jan	Feb	Mar	Apr	May	June
July	Aug	Sep	Oct	Nov	Dec
All

22 Jul 25 Summary Return of April-June quarter by Quarterly filers in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, A

22 Jul 25 Add/amend particulars (other than GSTIN) in GSTR-1 of June quarter by Quarterly filers in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra a

24 Jul 25 Add/amend particulars (other than GSTIN) in GSTR-1 of June quarter by Quarterly filers in Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, We

24 Jul 25 Summary Return of April-June quarter by Quarterly filers in Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha,

28 Jul 25 Return for June by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.

30 Jul 25 Issue of TCS certificate for April-June by All Collectors.

30 Jul 25 Deposit of TDS u/s 194-IA on payment made for purchase of property in June.

30 Jul 25 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 25-26, where lease has terminated in June. (Else TDS is to be deposited on annual basis by 30 April of next year.)

30 Jul 25 Deposit of TDS on certain payments made by individual/HUF u/s 194M for June.

30 Jul 25 Deposit of TDS on Virtual Digital Assets u/s 194S for June.

31 Jul 25 Statement of tax deposited to be furnished by an exchange in relation to transfer of virtual digital asset u/s 194S for April-June.

31 Jul 25 Quarterly TDS Statements for April-June.

31 Jul 25 Return of non-deduction at source by banks from interest on time deposit for April-June.

31 Jul 25 Taxpayers with Turnover below Rs 5 Crores can opt in or opt out of QRMP Scheme for Jul-Sep quarter.

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