TDS on Cash Withdrawals from April 2026: New Rules & Limits Explained
1. What is the record date for the ICICI Prudential IDCW payouts? Show Answer The record date is March 10, 2026. If this date falls on a non-business day, the next business day will be considered. Reference Link ↗ Hide Answer 2. Which specific schemes are eligible for the payout Show Answer The six schemes…
1. What is a Specialised Investment Fund (SIF)? Show Answer An SIF is a new investment category introduced by SEBI, managed by Mutual Fund AMCs. It is designed to offer more sophisticated investment strategies—like long-short equity and sector rotation—that are not typically available in standard mutual funds. Reference Link ↗ Hide Answer 2. How does…
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1. I pay ₹55,000 rent per month. Do I need to deduct TDS? Show Answer Yes. If you are an individual or HUF and your monthly rent exceeds ₹50,000, you are legally required to deduct TDS under Section 194-IB. Reference Link ↗ Hide Answer 2. What is the current TDS rate? Show Answer As of…
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1. What is the new section for TDS on cash withdrawal from April 2026? Show Answer Under the New Income Tax Act 2025, the provisions previously under Section 194N are moved to Section 393. These rules apply to withdrawals from Banks (Private, Public, and Co-operative) and Post Offices. Reference Link ↗ Hide Answer 2. What…
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1. What is a “family unit” in the context of the Pay Commission? Show Answer A family unit is a metric used to estimate the minimum wage required to support a household. Traditionally, this is based on “three units”: the employee, a spouse, and two children (the two children together count as one unit). Reference…
Continue Reading 8th Pay Commission: Will Family Unit Changes Lead to a 3.0+ Fitment Factor?