The Income Tax Department recently issued an advisory stating that under Section 397 (3)(f), TDS/TCS correction statements can now only be filed within two years after the end of the relevant tax year ...

The Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms.

Each Form 141 can report only one type of transaction, and a separate form must be filed for each transaction category.

The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption ...

Income Tax Department launches upgraded TRACES portal with new TDS forms and a single tax year, simplifying compliance and ...

The Income Tax Department has introduced Form 141, a single unified TDS form replacing four existing forms. Here’s what it ...

The Tax Deducted at Source (or TDS) is a taxation mechanism that ensures that taxes are collected from the source of income. It’s a form of advance tax that is deducted by the payer at the time of ...

Income tax calendar: Income tax last dates are not limited to just the ITR filing deadline, and taxpayers have to keep a tab on other payments like TCS, TDS, advance tax and more.

Key ITR filing dates, TDS deadlines, advance tax instalments and compliance timelines explained to help taxpayers avoid ...