Explains new TDS/TCS forms, section references, Tax Year concept, revised TCS due date and Q1 compliance requirements under the Income-tax Act, ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Tax deduction at source (TDS) or ...

Tax Deducted at Source (TDS) is a way through which tax is collected in advance by deducting a certain amount from specified payments. A TDS refund becomes applicable when the amount of tax deducted ...

It is also important to verify whether the insurer has deducted TDS under Section 194DA and whether the amount reported in ...

AI Quick Read As income tax return (ITR) filing for assessment year (AY) 2026-27 gathers pace, many salaried taxpayers are relying on Form 16 issued by their employers to prepare their returns.

Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate by June 15th. If delayed, taxpayers can use salary slips, bank statements, ...

TDS challan correction: The issue has emerged as many deductors are filing TDS for Tax Year 2026-27 (FY 2026-27) but accidentally selecting FY 2025-26 under the old Income Tax Act, 1961.

ITR Filing 2026: Zero TDS Doesn't Always Mean Zero Tax Liability Under the New Tax Regime Many salaried taxpayers are surprised to discover that even though no Tax Deducted at Source (TDS) was ...