The Union Budget 2022 has amended the existing laws after which missing ITR for even one year can lead to higher TDS/TCS in future financia...

If you failed to file an ITR for the fiscal year 2020-21 (assessment year 2021-22), increased TDS may be applied to certain profits you wil...

EPFO has issued guidelines regarding when and how TDS on interest will be deducted if EPF contributions exceed Rs 2.5 lakh in a financial y...

The beginning of the new financial year marks the changes in the income tax rules and others money changes. It is important to know new inc...

The law for higher TDS, TCS in case of not filing ITR was announced in Budget 2021 and amended in Budget 2022. If an individual does not fi...

An employer is required to deduct tax on the salary income payable to an employee? If you are confused about how TDS is deducted from your ...

The higher TDS/TCS law was announced in Budget 2021 and became effective from July 1, 2021. Higher TDS and/or TCS is applicable to those in...

The income tax department has created a list of persons (called specified persons) for whom this higher rate of TDS, TCS will be applicable...

Deductors 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...

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...

The new provision coming into effect requires both sellers and buyers to undertake due diligence w.r.t. tax return filing status of the oth...

The objective of this newly inserted provision in the Income-tax Act, 1961 is to ensure that ITR filing compliance is fulfilled by the taxp...

The Budget 2021 had brought in a provision which mandated that non-filers of income tax returns for past two fiscal years would be subjecte...

Effective from April 1, 2021, the TDS and TCS rates on these non-salary payments will be back to their original (higher) levels. Given belo...

This proposal may be bad news for those who are otherwise not mandatorily required to file income tax return under the tax laws but have to...

The government has lowered the TDS and TCS rates by 25% on non-salaried payments effective from May 14, 2020, till March 31, 2021. The deci...

The finance minister also announced that the due date of all income tax (I-T) returns for assessment year 2020-21 will be extended to Novem...