From Tax Year 2026-27, which began on 1 April 2026, TDS and TCS statements can be filed directly online through the TRACES portal, eliminating the earlier two-step process of filing through the…
Income Tax department teams from Meerut, Ghaziabad and Muzaffarnagar conducted a joint survey at the office of prominent builder Atul Gupta at Meerut Mall on Delhi Road on Tuesday, 6 October 2026.…
Payments made to contractors for construction, repair or renovation work from 1 April 2026 are subject to TDS under Section 393(1) of the Income-tax Act, 2025. For a company, firm or government…
The Central Board of Direct Taxes (CBDT) has simplified tax deducted at source (TDS) rules for resident individuals and Hindu undivided families (HUFs) buying immovable property from non-residents, effective October 1, 2026.…
A bank deducting tax at source (TDS) on interest income does not automatically exempt a senior citizen from filing an Income Tax Return (ITR). The obligation to pay tax and the obligation…
Taxpayers whose estimated tax liability for the year is nil can now submit Form No. 121 to avoid TDS on income such as bank interest, rent, insurance commission, dividends and securities. The…
Taxpayers who missed the July 31 deadline for filing income tax returns can still claim a refund by filing a belated return by December 31 of the assessment year. The tax department…
The Central Board of Direct Taxes (CBDT) has introduced a new reporting framework for resident individuals and HUFs buying immovable property from non-residents. The changes, notified on 22 September under the Income-tax…
The Income Tax Act 2025 introduces Form 141, a unified challan-cum-statement for reporting tax deducted at source (TDS) on specified transactions. It replaces the earlier Forms 26QB, 26QC, 26QD and 26QE used…
Buyers in India deduct TDS at different rates depending on whether the seller is a resident or a non-resident Indian (NRI). Livemint reports that under the Income Tax Act, 2025, a buyer…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.