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

22 May 25
MCA Extends Form CSR 2 Filing Deadline to 30th June 2025
Supreme Court Upholds Use of ECL for Mandatory 10% Pre-Deposit in GST Appeals
Madras High Court Allows GST Appeal After Consultant’s Inadequate Response Fails to Defend Taxpayer
Madras HC Directs IT Dept to Address Taxpayer’s Claim for Unpaid Interest on Sanctioned Refund
21 May 25
CBDT Issues Notification No. 49/2025 for Revised ITR-U Form for Taxpayers
GST Circular No. 12/2025: Kerala Govt Amends Circular 5/2023 on Function Assignment
GCCI Urges FM to Extend ITR Deadline Due to Delays in Filing Utilities
16 May 25
Attention - Advisory on reporting values in Table 3.2 of GSTR-3B
ITAT Mumbai: WhatsApp Image Insufficient for Section 69A Addition Without Corroborative Evidence
Pune ITAT: Late Fee U/S 234E for TDS Return Filed Before 1st June 2015 Is Not Justified
GSTN Releases Guidelines for Taxpayers Seeking Relief Under GST Amnesty Scheme
15 May 25
GSTN Issues Advisory on Appeal Withdrawal Requirements u/s 128A Waiver Scheme
CESTAT: No Service Tax on Consultancy to Foreign Clients, Not Classified as Intermediary Services
Patna HC Rejects Fire Damage Plea, Upholds Service Tax Demand on Travel Agency
Delhi High Court Slams Misuse of Writ Petitions in Fraudulent ITC Cases Under GST
Delhi High Court Expresses Concern Over Misuse of Section 16 for Wrongful Availment of GST ITC
13 May 25
CBDT Announces New ITR-7 Form for AY 2025-26 via Notification No. 46/2025
Patna HC Rejects Fire Damage Plea, Upholds Service Tax Demand on Travel Agency
12 May 25
Record April GST collection hides challenges to growth
RBI issues Reserve Bank of India (Digital Lending) Directions, 2025
CBDT Notifies New ITR-7 Form for AY 2025-26
11 May 25
CA in Custody Over ?7.85 Crore GST Fraud; Crackdown Reveals 80 Bogus GSTINs
Relief for IndiGo: Delhi High Court Strikes Down IGST Demand on Reimported Aircraft Parts
10 May 25
Delhi HC Sets Aside GST Demand, Directs Dept to Consider Assessee’s Medical Adjournment Request
GSTN Makes GST Refunds Easier for Recipients of Deemed Exports
Ahmedabad ITAT Remands ?60.51 Lakh LTCG Case: Land Transfer via Development Agreement
08 May 25
ICAI Celebrates Accounting Standards Day to Highlight Role of Standards in preparation of Financial Statements
Madras HC Refers GST Mismatch Dispute (26AS, GSTR-2A & ITC) to Appellate Forum as an Effective Remedy
GSTN Postpones Invoice-wise Reporting in GSTR-7 on GST Portal for a Limited Period
Patna HC: State GST Assessment Valid, No Procedural or Jurisdictional Flaw Found
07 May 25
Jharkhand HC Quashes ITAT Order on Section 40(a)(ia) Based on Overruled SC Precedent
Andhra Pradesh Posts Record GST Revenue Collection of ?3,354 Crore in April 2025
CBIC Issues GST Instruction 05/2025 for C&AG Audit Teams
Advisory on Deferment of Invoice-wise Reporting Functionality in Form GSTR-7
06 May 25
CBDT Tightens Oversight on Top Advance Taxpayers to Boost FY26 Direct Tax Collection
Delhi CM Calls for “Faceless” GST System to Cut Harassment and Boost Compliance
Delhi HC Orders Unblocking of GST Credit Ledger After One-Year Lapse, Cites Rule 86A
CBIC Sets Up Grievance Redressal Mechanism via GST Instruction No. 04/2025
05 May 25
CBDT Notifies New ITR-5 Form for AY 2025-26
CBDT Releases Amended Income Tax Act, 1961 Updated by Finance Act, 2025
CBDT Notifies New ITR-3 Form for AY 2025-26
04 May 25
CESTAT New Delhi: Same IGST Rate and Interest Apply to Inter-State Trade and Import Supplies
Allahabad High Court: GST Authority Can’t Alter Stand After Verifying Goods and Invoices During Transit
03 May 25
GST Portal Enhances Table 12: HSN Code Reporting Now Required for GSTR-1 & 1A
Supreme Court Questions Lower Courts on Bail Denial in GST Section 132 Case
Aurobindo Pharma Receives GST Order for FY 2019–20 from Hyderabad Appellate Commissioner
02 May 25
Shri Arvind Shrivastava takes charge as Secretary, Department of Revenue, Ministry of Finance
Reporting of HSN codes in Table 12 and list of documents in table 13 of GSTR-1/1A
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Sikkim
Delhi HC: Uploading of SCN by GST Dept Under the Additional Notices Tab on Portal is Improper
ITAT Delhi Dismisses Appeal as Assessee Opts for Settlement Under VSVS Includes Restoration Clause

22 May 25

MCA Extends Form CSR 2 Filing Deadline to 30th June 2025

Supreme Court Upholds Use of ECL for Mandatory 10% Pre-Deposit in GST Appeals

Madras High Court Allows GST Appeal After Consultant’s Inadequate Response Fails to Defend Taxpayer

Madras HC Directs IT Dept to Address Taxpayer’s Claim for Unpaid Interest on Sanctioned Refund

21 May 25

CBDT Issues Notification No. 49/2025 for Revised ITR-U Form for Taxpayers

GST Circular No. 12/2025: Kerala Govt Amends Circular 5/2023 on Function Assignment

GCCI Urges FM to Extend ITR Deadline Due to Delays in Filing Utilities

16 May 25

Attention - Advisory on reporting values in Table 3.2 of GSTR-3B

ITAT Mumbai: WhatsApp Image Insufficient for Section 69A Addition Without Corroborative Evidence

Pune ITAT: Late Fee U/S 234E for TDS Return Filed Before 1st June 2015 Is Not Justified

GSTN Releases Guidelines for Taxpayers Seeking Relief Under GST Amnesty Scheme

15 May 25

GSTN Issues Advisory on Appeal Withdrawal Requirements u/s 128A Waiver Scheme

CESTAT: No Service Tax on Consultancy to Foreign Clients, Not Classified as Intermediary Services

Patna HC Rejects Fire Damage Plea, Upholds Service Tax Demand on Travel Agency

Delhi High Court Slams Misuse of Writ Petitions in Fraudulent ITC Cases Under GST

Delhi High Court Expresses Concern Over Misuse of Section 16 for Wrongful Availment of GST ITC

13 May 25

CBDT Announces New ITR-7 Form for AY 2025-26 via Notification No. 46/2025

Patna HC Rejects Fire Damage Plea, Upholds Service Tax Demand on Travel Agency

12 May 25

Record April GST collection hides challenges to growth

RBI issues Reserve Bank of India (Digital Lending) Directions, 2025

CBDT Notifies New ITR-7 Form for AY 2025-26

11 May 25

CA in Custody Over ?7.85 Crore GST Fraud; Crackdown Reveals 80 Bogus GSTINs

Relief for IndiGo: Delhi High Court Strikes Down IGST Demand on Reimported Aircraft Parts

10 May 25

Delhi HC Sets Aside GST Demand, Directs Dept to Consider Assessee’s Medical Adjournment Request

GSTN Makes GST Refunds Easier for Recipients of Deemed Exports

Ahmedabad ITAT Remands ?60.51 Lakh LTCG Case: Land Transfer via Development Agreement

08 May 25

ICAI Celebrates Accounting Standards Day to Highlight Role of Standards in preparation of Financial Statements

Madras HC Refers GST Mismatch Dispute (26AS, GSTR-2A & ITC) to Appellate Forum as an Effective Remedy

GSTN Postpones Invoice-wise Reporting in GSTR-7 on GST Portal for a Limited Period

Patna HC: State GST Assessment Valid, No Procedural or Jurisdictional Flaw Found

07 May 25

Jharkhand HC Quashes ITAT Order on Section 40(a)(ia) Based on Overruled SC Precedent

Andhra Pradesh Posts Record GST Revenue Collection of ?3,354 Crore in April 2025

CBIC Issues GST Instruction 05/2025 for C&AG Audit Teams

Advisory on Deferment of Invoice-wise Reporting Functionality in Form GSTR-7

06 May 25

CBDT Tightens Oversight on Top Advance Taxpayers to Boost FY26 Direct Tax Collection

Delhi CM Calls for “Faceless” GST System to Cut Harassment and Boost Compliance

Delhi HC Orders Unblocking of GST Credit Ledger After One-Year Lapse, Cites Rule 86A

CBIC Sets Up Grievance Redressal Mechanism via GST Instruction No. 04/2025

05 May 25

CBDT Notifies New ITR-5 Form for AY 2025-26

CBDT Releases Amended Income Tax Act, 1961 Updated by Finance Act, 2025

CBDT Notifies New ITR-3 Form for AY 2025-26

04 May 25

CESTAT New Delhi: Same IGST Rate and Interest Apply to Inter-State Trade and Import Supplies

Allahabad High Court: GST Authority Can’t Alter Stand After Verifying Goods and Invoices During Transit

03 May 25

GST Portal Enhances Table 12: HSN Code Reporting Now Required for GSTR-1 & 1A

Supreme Court Questions Lower Courts on Bail Denial in GST Section 132 Case

Aurobindo Pharma Receives GST Order for FY 2019–20 from Hyderabad Appellate Commissioner

02 May 25

Shri Arvind Shrivastava takes charge as Secretary, Department of Revenue, Ministry of Finance

Reporting of HSN codes in Table 12 and list of documents in table 13 of GSTR-1/1A

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Sikkim

Delhi HC: Uploading of SCN by GST Dept Under the Additional Notices Tab on Portal is Improper

ITAT Delhi Dismisses Appeal as Assessee Opts for Settlement Under VSVS Includes Restoration Clause

Due Date Reminder

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

25 May 25 Deposit of GST of April under QRMP scheme.

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

30 May 25 ITC reversal on stocks and capital goods by person opting for Composition scheme in FY 25-26.

30 May 25 Submission of a statement by Non-resident having a liaison office in India for FY 24-25.

30 May 25 Deposit of TDS u/s 194-IA on payment made for purchase of property in April

30 May 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 24-25, where lease has terminated in April. (Else TDS is to be deposited on annual basis by 30 April of next year.)

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

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

30 May 25 Issue of TCS certificates for January-March.

30 May 25 Half yearly Audit Report from October to March of Reconciliation of Share Capital by Unlisted Public Companies.

30 May 25 Annual Return of Foreign Company (Branch / Liaison /Project Office) for FY 24-25.

30 May 25 Annual Return of Limited Liability Partnership (LLP) for FY 24-25.

31 May 25 E-filing of Annual Return for FY 24-25 by licensed Manufacturers [including Repackers and Relabellers] and Importers. Manufacturer exporters also to file annual return for food business instead of quarterly returns earlier.

31 May 25 Online Application by trust/instituition for exercising the option to apply income of previous year in the next year or in future. Applicable where due date of ITR is 31 Jul.

31 May 25 Statement to accumulate income for future application u/s 10(21) or 11(1). Applicable where due date of ITR is 31 Jul.

31 May 25 E-filing of Annual Statement of Donors & Donations received by charitable organisations u/s 80G/35 for FY 24-25.

31 May 25 Download of Certificate of Donations/contributions for FY 24-25 from IT portal and submission of same to Donor/contributors.

31 May 25 Quarterly statements of TDS for January- March.

31 May 25 Quarterly statement of tax deposited in relation to transfer of virtual digital asset u/s 194S to be furnished by an exchange for the quarter January - March

31 May 25 Return of tax deduction from contributions paid by the trustees of an approved superannuation fund during FY 24-25?.

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