Effective April 1, 2026, the statutory limit for correcting TDS/TCS returns is 2 years from the FY end. This new rule eliminates unlimited revisions, demanding timely compliance to avoid penalties and ...

Taxpayers and deductors are advised to file correction statements promptly to ensure that tax credits are properly reflected ...

The Income Tax Department has set a crucial deadline for filing TDS and TCS correction statements. Taxpayers must ensure all ...

Individuals must pay advance tax in instalments if their total tax liability for the year surpasses Rs 10,000 after TDS/TCS ...

November brings with it several compliance deadlines, including those for TDS deposits, AY 2025-26 Income Tax Return (ITR) filing under Transfer Pricing regulations, and Form 27C submission ...

November brings a fresh round of tax compliance deadlines for individuals, businesses, and government offices. From TDS ...

The simplest way to avoid an income tax notice is to file your Income Tax Return (ITR) before the due date. Make sure the ...

PHDCCI has urged the government to lower personal income tax rates for those earning up to Rs 50 lakh and restore the 15% concessional tax for manufacturers ...

The notification also allows the authorised Commissioner to delegate powers in writing to Additional or Joint Commissioners ...

CII noted that tax litigation continues to burden businesses, with more than five lakh appeals involving nearly ₹18 lakh crore pending before the commissioner (appeals) ...

The Gujarat High Court set aside an assessment order passed without considering the taxpayer’s reply regarding TDS under Section 194Q. The Court held that the faceless unit generated the order before ...