Searched for
TDS DEPOSIT PROCESS
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...- 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...
- Revised post office transaction norms based on New Income-tax Rules, 2026: PAN mandatory for these transactions; more rules explainedThe Department of Posts now mandates quoting Permanent Account Number (PAN) for specified transactions. Individuals without a PAN must subm...
- NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
- If I gift my Rs 2 lakh to my wife who plans to invest in FD, who will pay income tax on interest earned?ET Wealth Reader's Query: I am the only earning member of my family. My company has given me a bonus of Rs 2 lakh this year (after deductin...
- 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...
- First task for FD investors to save TDS in new financial year is filing form 15G/H; Check the annual income that makes you eligibleFixed deposits are popular in India. However, Tax Deducted at Source on interest income reduces compounding growth. Forms 15G and 15H allow...
- RBI revises rules for Floating Rate Savings Bonds 2020: Key changes investors should knowThe Reserve Bank of India has released updated operational guidelines for its Floating Rate Savings Bonds, 2020 (Taxable), effective immedi...
- Form 121 replaces Form 15G, 15H for TDS filing: Check who should file, purpose and key details explainedForm 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare i...
- Paying high rent? Don't forget to deduct TDS before March 31, 2026 or you may face penalties and interestTenants paying more than Rs 50,000 in monthly rent must deduct TDS at 2% before March 31, 2026. This compliance is for the financial year e...
- 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...
- Got income tax demand notice due to errors in Form 26AS, AIS like TCS employees? How taxpayers can respond to itTax notice, errors in Form 26AS: Around 40,000 TCS employees recently got a tax demand notice due to an error in the TDS amount shown in Fo...
- Understanding Form 15G/ 15H: A guide for Bajaj Finserv customersThe article outlined how to manage tax liabilities on interest income with Form 15G or 15H, aimed at taxpayers with income below the exempt...
- Ease TDS rules for buying house property from NRIs in Budget 2024The government needs to facilitate ease of transacting and reduce compliance difficulties in buying property from NRIs. This is because a 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 ...
- What are TDS rules on buying a house? How to deduct, deposit tax and download Form 16BWhen an individual buys a house, then apart from other formalites such as registering the sale deed, making payments etc., they are also re...
- Paying Rent to NRI landlord? Deduct TDS, else pay penaltyAre you paying housing rent to a Non-resident Indian? If yes, then ensure that you are deducting tax before making a rent payment to the NR...
- New income tax portal errors resulting in reduced tax refund amounts for manyThe pre-filled data fetched on the new income tax portal is showing a mismatch with the total TDS amount mentioned in Form 26AS. Even after...
- How to handle TDS on sale of propertyThe buyer is required to deduct TDS @ 1% on the total consideration and deposit the same in the account of the income tax authorities.
Load More
