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TAX DEDUCTORS
Has Form 168 replaced Form 26AS for FY 25-26? Here's what taxpayers need to know for ITR filingForm 168: The Income Tax Department has unveiled Form 168, a comprehensive upgrade to the Annual Information Statement, effectively superse...- TDS Challan correction for Income Tax Act, 2025 needs to be done using the old TRACES portal; Here’s how to do itTaxpayers must correct TDS challans for Tax Year 2026-27 on the old TRACES portal. This is crucial if the challan was mistakenly filed unde...
- 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...
- Waiting for Form 16? Here’s when employers may issue it for AY 2026-27 ITR filingSalaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form ...
- 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...
- 12 key income tax form changes every taxpayer should know: From Form 16 to Form 168A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new fo...
- 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...
- TDS certificate issuance deadline extended by Income Tax dept due to technical glitches on the e-filing ITR portalTechnical issues plaguing the income tax e-filing portal have prompted the CBDT to extend the deadline for issuing TDS certificates. Employ...
- Can you download Form 16, Form 16A, other TDS certificates from TRACES website if your tax has been deducted?Taxpayers cannot directly download Form 16 or 16A from the TRACES portal; only deductors like employers or banks are authorized to do so. W...
- 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...
- ITR Filing: How to verify the validity of Form 16It is important to ensure that the TDS certificate received by you is valid. Thus, every taxpayer should verify and validate the TDS certif...
- Why TDS return filing is important: Delay in filing may cost upto Rs 1 lakh penalty, daily late feeThe last date for filing a TDS return for the first quarter of FY 2022-23 is July 31, 2022. If this deadline is missed, then there are pena...
- Income tax department cautions TDS deductors against quarterly filing defaultCBDT issued an advertisement in leading national dailies that said: Attention tax deductors. The last date to file Tax Deducted at Source (...
- Start collecting your TDS certificates now, deductors can't delay anymoreTaxpayers can start collecting their TDS certificates now as the last date for all deductors to finalise and issue these was over on May 31.
- CBDT simplifies procedure for filling 15G, 15H formsCBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically.
- Some tax deductors not depositing TDS: Income Tax DepartmentThe I-T Dept has taken note of some tax deductors not depositing TDS in the government account after deducting the same from specified paym...
- Govt warns tax deductors who fail to deposit TDS by due dateIn a stern warning, the Revenue department today said tax deductors who default in depositing TDS by due date will be liable for prosecutio...
- P Chidambaram to launch CPC (TDS) tomorrowChidambaram will launch the Centralised Processing Cell for Tax Deducted at Source (CPC-TDS) tomorrow, a move likely to ease the compliance...
- Know how to reconciliate TDSThere are incomes, such as salary, and interest from bonds and fixed deposits, on which tax is deducted by the payer of income.
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