Searched for
REVISED TDS FORMS
Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
Could you be missing a critical June 2026 tax deadline? Check these essential TDS, Form 16, STT and advance tax requirements before it's too lateJune 2026 income tax deadlines are closer than many taxpayers realize. Form 16 issuance, TDS deposits, advance tax payments and STT reconci...
Filing your ITR early for AY 2026–27? Why you should wait till June 15With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...
Revised post office transaction norms based on New Income-tax Rules, 2026: PAN mandatory for these transactions; more rules explainedThe Department of Posts now mandates quoting Permanent Account Number (PAN) for specified transactions. Individuals without a PAN must subm...
ITR filing 2026: Don’t miss these key income tax deadlines for FY 2025–26 (AY 2026-27)Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set specific due d...
Form 121 for EPF members: EPFO clarifies who needs to file new form instead of Forms 15G, 15HThe Employees’ Provident Fund Organisation (EPFO) has replaced Forms 15G and 15H with a single Form 121, effective April 1, 2026, under the...
New Form 141 introduced for TDS filing: 4 existing forms merged into one challan-cum-statementThe Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form sim...
Form 121 replaces Form 15G, 15H for TDS filing: Check who should file, purpose and key details explainedForm 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare i...
Will new TDS rules change your take-home salary from April 1, 2026? Key income tax-related changes in new financial year (FY26-27)Salaried employees face new Tax Deducted at Source rules from April 1, 2026. The new financial year brings revised tax calculations and com...
Five big changes in Form 16, which is replaced by Form 130, that every salaried employee must knowForm 16 will be renumbered as Form 130 under the Income Tax Rules, 2026, effective from April 1, 2026. This change introduces a "Tax Year" ...
New income tax rules from April 1, 2026: From HRA relief to new ITR deadlines, key changes explainedNew income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing the 1961 act....
Tax dept denies Rs 73 lakh TDS credit as taxpayer being unaware did not claim it in ITR; ITAT Mumbai gives relief to taxpayerThe Income Tax Appellate Tribunal Mumbai has ruled in favour of a taxpayer. The tribunal stated that the tax department must provide TDS cr...
Incorrect TDS reporting will result in penalties: CBDTThe CBDT issued a comprehensive circular outlining stringent penalties for employers failing to deduct TDS for the assessment year 2024-25....
March 31, 2025, is deadline to claim pending TDS credit for these past years: Ask bank, deductor to revise TDS returnTDS credit: March 31, 2025 is the deadline to file a revised TDS return for FY 2007-08 to 2018-19. What this means is if you have any pendi...
Got tax notice to pay additional tax? Your TDS claim rejection could be the reason; know when it can happenTax Deducted at Source (TDS): Your tax liability will increase if the tax department disallows your TDS credit claim. Now a TDS credit clai...
What to check in your Form-16 while filing ITRForm 16 contains details of the total salary paid to you by your employer and tax exemptions such as house rent allowance, leave travel all...
ITR filing: Don't forget to claim TDS creditAs per income tax rules, you should claim credit for TDS on income that is paid or accrues to you in the same financial year as the TDS is ...
Income tax department amends TDS form, makes it more comprehensiveThrough a notification, the Central Board of Direct Taxes (CBDT) has amended Income Tax Rules to include TDS on e-commerce operators, divid...
CBDT notifies revised Form 26AS, to now include real estate, share transaction detailsForm 26AS is an annual consolidated tax statement that can be accessed from the income-tax website by taxpayers using their Permanent Accou...
How to get errors in your Form 26AS correctedAn incorrect entry especially with regards to PAN or an amount in the Form 26AS may lead to unnecessary delays in filing the ITR.