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TDS PENALTY
Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...24 Jun, 2026, 05.57 PM IST- Senior citizens can now earn up to 7.95% FD interest at Bandhan Bank as lender hikes fixed deposit rateSenior citizen FD interest rates: Bandhan Bank has boosted fixed deposit interest rates, offering senior citizens a compelling up to 7.95% ...24 Jun, 2026, 04.01 PM IST
- What crypto investors need to know for tax season 2026India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including tran...13 Jun, 2026, 12.42 PM IST
- Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to doTenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...11 Jun, 2026, 01.29 PM IST
- 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...11 Jun, 2026, 07.43 AM IST
- ITR filing 2026: 5 benefits of filing income tax return besides paying taxesFiling your Income Tax Return is more than just a tax duty. It acts as a vital financial record. It helps in getting loans approved. You ca...02 Jun, 2026, 03.23 PM IST
- 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...02 Jun, 2026, 12.22 AM IST
- Rs 15 lakh investment in Post Office Monthly Income Scheme (POMIS): What monthly income can you earn for 5 years?Low-risk investors can earn a fixed monthly income of Rs 9,250 from a Rs 15 lakh deposit in a joint Post Office Monthly Income Scheme (POMI...21 May, 2026, 05.33 PM IST
- Govt flags ‘high-risk’ crypto system in note to Parliamentary panelIndia's virtual digital asset sector is now high risk. Intelligence reports reveal extensive illegal activities including drug trafficking ...21 May, 2026, 02.01 AM IST
- May 2026 income tax calendar: Important TDS, TCS deadlines and other due dates explainedTaxpayers, mark your calendars for May 2026! Crucial compliance deadlines loom, including TDS/TCS deposits for April and certificate issuan...05 May, 2026, 01.11 PM IST
- How new online gaming rules will change your income tax and legal exposure depending on the kind of game you playAn online game is any game played on a phone, laptop, or digital device, operated through software using the internet or any form of electr...04 May, 2026, 06.30 AM IST
- Highest FD interest rates for senior citizens in May 2026: PSU vs private vs small finance banks with their top fixed deposit schemesSenior citizens seeking stable income and market-risk-free returns often turn to fixed deposits. Banks commonly offer enhanced interest rat...02 May, 2026, 11.20 AM IST
- 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...30 Apr, 2026, 12.07 PM IST
- ITR filing 2026: Don’t miss these key income tax deadlines for FY 2025–26 (AY 2026-27)Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set specific due d...24 Apr, 2026, 11.48 AM IST
- Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...17 Apr, 2026, 06.02 PM IST
- Paying house rent of more than Rs 50000 per month? Penalty you will pay for not deducting TDSIf an individual is liable to deduct TDS before making certain specified payments then it must be done at once. Otherwise the consequences ...12 Oct, 2023, 10.58 AM IST
- 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...09 Nov, 2022, 11.37 AM IST
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