Now Reading: Lower or nil TDS certificates to go fully online soon
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Lower or nil TDS certificates to go fully online soon
New rules will allow taxpayers to apply online for lower or nil TDS certificates, the government told Parliament on Monday. Minister of State for Finance Pankaj Chaudhary said the provision, introduced through…
The Story in Brief
New rules will allow taxpayers to apply online for lower or nil TDS certificates, the government told Parliament on Monday. Minister of State for Finance Pankaj Chaudhary said the provision, introduced through the Finance Act, 2026, aims to ease compliance for small taxpayers. Applications will be processed using data already with the Income Tax Department, including tax returns, AIS, TIS and Form 26AS. Certificates will be issued electronically if conditions are met; mismatches may lead to rejection.
Separately, the department disposed of 2.24 lakh appeals in FY26, up from 1.11 lakh in FY24, while completing 2.13 lakh faceless assessments, down from 2.73 lakh in FY24.
The Indian Opinion
Talk of faceless assessments falling short ignores that the department disposed of more appeals than before, suggesting the system is maturing. The shift to online TDS certificates is welcome, but the real test will be how many applications get rejected due to data mismatches. Small taxpayers should not be penalised for gaps in the department's own records. The number of rejections, once notified, will tell if the ease is real.
Source: economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
