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 ...

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.

July is an important month for income tax compliance, with key deadlines for ITR filing, TDS and TCS deposits, quarterly ...

ITR Filing 2026: A good tax return resembles a well-kept ledger. Every entry has a corresponding record, every deduction has ...

Tax Deducted at Source (TDS) is a mechanism through which tax is collected in advance. Under this system, the payer deducts a specified amount of tax before making payments such as salary, bank ...

Banks or financial institutions deduct TDS on fixed deposits when the interest earned exceeds certain thresholds. September 15, 2025, last date for submitting the Income Tax Returns (ITRs) for the ...

Form 141 is a PAN-based challan-cum-statement for reporting and depositing TDS deducted. The income tax department has introduced a new TDS form that makes reporting and paying ‘Tax Deducted at Source ...

With the July 31 income tax return (ITR) filing deadline approaching, crypto investors should review their tax records ...