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AUTOMATED TDS PROCESSING
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
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...
Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...
Double tax trouble? Here are 5 changes that draft Income Tax Rules 2026 must addressDraft Income-Tax Rules 2026 aim for voluntary compliance but require crucial changes to prevent taxpayers from paying twice. Key issues inc...
Now request for nil or lower TDS deduction for property and other transactions via this new form as per Income Tax Act, 2025; See what’s changedThe Income Tax Act, 2025, introduces new Form 128 for applications requesting nil or lower Tax Deducted at Source (TDS) on property and oth...
What is nil deduction certificate and how will Budget 2026 change the process?
Nil deduction certificate for small taxpayers, announced in Budget 2026Finance Minister Nirmala Sitharaman unveiled a new scheme for small taxpayers. This initiative will allow them to get lower or nil tax dedu...
Tax overhaul fuels five-fold surge in refunds as processing time shrinks to 17 daysIndia's tax administration has undergone a significant transformation, marked by a five-fold increase in income tax refunds and a three-fol...
13 ways the FM can simplify matters for income tax payers in interim Budget 2024: CIIThe Interim Budget 2024, will be presented by the finance minister, Nirmala Sitharaman, on February 1, 2024. A few key steps as suggested b...
How to claim credit of TDS deducted by employer but not paid to govt?If any tax has been deducted at source and deposited with the central government, it shall be treated as a payment of tax on behalf of the ...
TDS and TCS: Are you in control of your organisation’s tax credits?Beyond tax credits, if revenues as reported in return of income as compared to revenues reflected in Form 26AS are short and credits are ta...
Beyond GST, how technology can enhance tax function outcomesSeveral large organisations are also enabling technology in tax processes through managed tax services (where organisations are not keen to...
Income Tax dept launches functionality for banks to check ITR filing status of entitiesTo ensure filing of return by these persons and to keep track on cash withdrawals by non-filers, and to curb black money, the Finance Act, ...
I-T dept makes new utility for banks, POs to check TDS rate on high value cash withdrawalsThe functionality available as "Verification of applicability u/s 194N" on www.incometaxindiaefiling.gov.in since July 1, 2020, is also mad...
Know why HostBooks is the fastest growing accounting solution for SMEs
ICICI says automation to handle 20% transactions by March-endAt present, the solutions have been introduced in processes in the retail banking, agro business, trade and forex, treasury and HR function...
Received an I-T Notice? Get it resolved by an expert for freeThe service is free of cost and the site promises to resolve the issue within 24 hours. All you have to do is quote your PAN number and upl...
- System mismatch stalls refunds
The income-tax department’s step towards automation has made life a little difficult for taxpayers, especially companies.