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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 changed- Deadline to file TDS/TCS correction statement announced: File your request on time or risk missing credit in Form 26AS or AIS
- 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 overhaul
- 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...09 Sep, 2025, 10.34 AM IST
- PAN-Aadhaar linking update: Relief from tax demand notice due to short TDS deduction for these taxpayersThe Income Tax Department is offering relief to taxpayers who received demand notices for short deduction or collection of TDS/TCS due to t...22 Jul, 2025, 05.48 PM IST
- 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...06 Feb, 2025, 11.09 AM IST
- PAN–Aadhaar linking update: No higher TDS,TCS applicable for these deductees as per latest CBDT rulesPAN–Aadhaar linking update: The TDS is withheld at an increased rate if the payee's PAN is not linked to Aadhaar. The Central Board of Dire...07 Aug, 2024, 12.03 PM IST
- Aadhaar-PAN linking update: Pay penalty for not deducting higher TDS amount if PAN and Aadhaar not linked by this dateThe Income Tax Department has urged taxpayers to link PAN with Aadhaar by May 31, 2024, to avoid higher tax deducted at source (TDS) or tax...28 May, 2024, 02.58 PM IST
- Individuals get relief from income tax demand for short deduction of TDS due to inoperative PAN of deducteeTDS Notice: Individuals won't get income tax notice for failing to deduct a correct amount of TDS in cases where the deductee's PAN was in-...24 Apr, 2024, 11.27 PM IST
- TDS deduction: Why you must check status of PAN Aadhaar linking status of deductee on deduction date to avoid income tax noticeTax deducted at source (TDS): While it is important to deduct a correct amount of TDS in certain transactions, it is also important to chec...04 Apr, 2024, 10.15 AM IST
- How banks, mutual funds and companies will check if you have filed ITRDeductors of TDS/TCS like banks, mutual fund houses etc can now check if you have filed ITR when your income crosses the TDS limit from Jul...02 Sep, 2021, 06.50 PM IST
- 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...18 Aug, 2021, 09.28 AM IST
- CBDT issues functionality to ascertain specified persons for TDS/ TCS complianceDeductors or collectors can use the functionality – Compliance Check for Sections 206AB &206CCA available on the reporting portal of the in...22 Jun, 2021, 08.28 PM IST
- Income Tax dept functionality to identify 'specified persons' on whom higher TDS will be levied from July 1The Budget 2021 had brought in a provision which mandated that non-filers of income tax returns for past two fiscal years would be subjecte...22 Jun, 2021, 01.44 PM IST
- TCS to be collected by seller from October 1 only if turnover exceeds Rs 10 crore: CBDTIn a statement, the Central Board of Direct Taxes (CBDT) clarified that TCS shall be applicable only on the amount received on or after Oct...01 Oct, 2020, 04.37 PM IST
- Aadhaar authentication for new GST registration is active from August 21: OfficialFor those opting for Aadhaar authentication, new GST registration will be issued within three working days and would not need to wait for p...23 Aug, 2020, 08.03 PM IST
- What you must check in your TDS certificates, Form26AS & why they should matchThere are several specific things which should be correctly reflected on the TDS certificate issued to you. Discrepancies can land you in a...19 Jul, 2019, 12.30 PM IST
- I-T dept cautions taxpayers against sharing user ID, passwordI-T department said taxpayers will also be liable to face consequences for misuse of their confidential information.22 Dec, 2016, 12.56 PM IST
- TDS assessees need to quote unique number in I-T returnThe new number, Unique Transaction Number (UTN), has been made mandatory because there are some lacunae like individuals having more than o...23 Jun, 2009, 04.25 PM IST
- I-T Dept extends last date for TDS returns to Feb 29The Income Tax Department has extended the last date for filing of tax returns for Tax Deducted/ Collection at source for the second quarte...04 Feb, 2008, 09.40 PM IST
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