The Income Tax Department recently issued an advisory stating that under Section 397 (3)(f), TDS/TCS correction statements can now only be filed within two years after the end of the relevant tax year ...

Income Tax Department launches upgraded TRACES portal with new TDS forms and a single tax year, simplifying compliance and ...

The Income Tax Department has rolled out a new TRACES portal aimed at improving usability and speeding up processes. But how much difference will it actually make to your TDS filing experience?

The Income Tax Department has introduced Form 141, a single unified TDS form replacing four existing forms. Here’s what it ...

The Income Tax Department has introduced a new form called Form 141. It is a single, combined challan-cum-statement that replaces four older TDS forms. These include Form 26QB, 26QC, 26QD and 26QE, ...

The Tax Deducted at Source (or TDS) is a taxation mechanism that ensures that taxes are collected from the source of income. It’s a form of advance tax that is deducted by the payer at the time of ...

Income tax calendar: Income tax last dates are not limited to just the ITR filing deadline, and taxpayers have to keep a tab on other payments like TCS, TDS, advance tax and more.

Key ITR filing dates, TDS deadlines, advance tax instalments and compliance timelines explained to help taxpayers avoid ...