Income tax calendar May 2026: Key TDS & TCS deadlines taxpayers must not miss
May 2026 income tax calendar: Important TDS, TCS deadlines and other due dates explainedTaxpayers, mark your calendars for May 2026! Crucial compliance deadlines loom, including TDS/TCS deposits for April and certificate issuan...
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...
New TDS and TCS changes for Tax Year 2026-27: Check 6 important tax updates now
Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changedNew tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for educatio...
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....
Budget 2026 makes TDS/TCS deduction rules mandatory, know how it will help in reducing disputesBudget 2026 has made CBDT guidelines mandatory for all property TDS and transaction participants. This move aims to prevent disputes and li...
Many property sellers have to pay 3.5 times more TDS and TCS due to issues with Income Tax TDS, TCS rules; Five such I-T rules need overhaulIncome Tax on property: There is a problem with the Income Tax law due to which in immovable property sale cases, Taxpayers especially NRIs...
Income tax: New TDS/TCS statement correction deadline; do it now to avoid tax notice laterIncome Tax Department said that March 31, 2026 is the deadline for TDS, TCS correction statements. This applies to FY 2018-19 Q4 to FY 2023...
How to reduce TDS using Form 12BAA?Salaried taxpayers often face higher tax deductions at source (TDS) on their salaries despite having paid TDS or tax collected at source (T...
Budget has 10 big tax changes for India Inc: What you need to knowUnion Finance Minister Nirmala Sitharaman's eighth Budget emphasizes tax reforms to benefit businesses. Key updates include tax breaks for ...
Did not file income tax return for FY 2020-21? You may be liable for higher TDS, TCS from Apr 1The law for higher TDS, TCS in case of not filing ITR was announced in Budget 2021 and amended in Budget 2022. If an individual does not fi...
Is higher TDS applicable to non-ITR filers submitting Form 15G,H?In order to discourage the practice of not filing an income tax return by a person in whose case a substantial amount of tax has been deduc...
New TDS/TCS regime from July 1 - are you ready?The new provision coming into effect requires both sellers and buyers to undertake due diligence w.r.t. tax return filing status of the oth...
Deadline for furnishing TDS/TCS statements extended till July 31"Understanding the current times that we are in, we have further extended deadlines. Now, furnishing of TDS/TCS statements for FY 19-20 ext...
TDS, TCS rates cut to put cash in your hand but your tax liability remains sameA reduction in TDS, TCS rates does not mean reduction in the tax liability of the receivers of these payments/incomes.
TDS/TCS provisions under GST to come into effect from October 1E-commerce companies will now be required to collect up to 1 per cent TCS while making any payment to suppliers under the Goods and Service...