Salaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form ...

With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...

Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...

A 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...

The Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form sim...

Technical issues plaguing the income tax e-filing portal have prompted the CBDT to extend the deadline for issuing TDS certificates. Employ...

Taxpayers cannot directly download Form 16 or 16A from the TRACES portal; only deductors like employers or banks are authorized to do so. W...

Tax Deducted at Source (TDS): Your tax liability will increase if the tax department disallows your TDS credit claim. Now a TDS credit clai...

It is important to ensure that the TDS certificate received by you is valid. Thus, every taxpayer should verify and validate the TDS certif...

The 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...

CBDT issued an advertisement in leading national dailies that said: Attention tax deductors. The last date to file Tax Deducted at Source (...

Taxpayers 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 has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically.

The I-T Dept has taken note of some tax deductors not depositing TDS in the government account after deducting the same from specified paym...

In a stern warning, the Revenue department today said tax deductors who default in depositing TDS by due date will be liable for prosecutio...

Chidambaram will launch the Centralised Processing Cell for Tax Deducted at Source (CPC-TDS) tomorrow, a move likely to ease the compliance...

There are incomes, such as salary, and interest from bonds and fixed deposits, on which tax is deducted by the payer of income.