Businesses and tax deductors must file Q1 TDS and TCS returns by July 31, 2026 using the new return forms and revised section ...

The first quarterly TDS and TCS return filing under the Income-tax Act, 2025 is due on July 31, 2026, with new return forms ...

ITR filing FY 2024-25: The Income Tax Department has now made available the excel utilities for ITR-2 and ITR-3 forms, enabling individuals with taxable capital gains, crypto income and other ...

An income tax refund is issued when the tax paid by a taxpayer during a financial year exceeds the actual tax liability. Excess tax may have been paid through Tax Deducted at Source (TDS), Tax ...

Indian influencers and gig workers face significant tax compliance challenges. Many struggle with tracking income and claiming eligible deductions accurately. Discrepancies in TDS reporting create ...

Taxpayers can still file a belated return, though delays attract late fees, interest on unpaid taxes and loss of certain benefits ...

Filing belated return is not complicated if you have all the documents – Form 16, interest certificates, investment proof, ...

The automated tracking systems flagged this as a critical cross-border omission under the Black Money Act, which mandates ...

Taxpayers filing updated returns face incorrect interest charges. Centralised Processing Centre calculates Section 234B interest beyond tax payment dates. This leads to excess demands and additional ...