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Policy● Neutral for Indian equities
Expecting nil tax liability this year? Know which form to submit to avoid TDS on bank interest, rent and dividend income
The brief
- Taxpayers with nil estimated tax liability can submit Form 121 to avoid TDS on certain incomes
- The declaration applies to bank interest, rent and dividend income
- Buying property from an NRI gets easier from October 1: Check key rule changes for residents and HUFs
- PAN-based TDS reporting eases compliance for NRI property purchases from October 1
- Buyers of property from non-residents can use PAN and Form 141 for TDS