The income tax department has amended the TDS form, making it more comprehensive and mandating deductors to state reasons for non-deduction of tax. As per the amended form, banks will also have to ...

Form 27Q is used for quarterly filing of TDS returns electronically on any payment other than salary to non- residents, including NRIs and foreigners. The income tax department has amended the TDS ...

As the financial year draws to a close, many salaried employees are preparing to receive their Form 16, a crucial document for filing Income Tax Returns (ITRs). Form 16, which details salary income, ...

As the union Budget has proposed rationalisation of provisions relating to Form 26AS, taxpayers will now get a detailed information statement beyond the tax deducted at source (TDS) such as ...

Tax deducted at source (TDS) is applicable on various types of incomes during a financial year. It is, however, important that you compare the TDS paid with the actual tax liability during a year to ...

From FY 2025–26, partnership firms must deduct 10% TDS on specified payments to partners once the ₹20,000 threshold is crossed, with strict timelines for deduction and ...

What is Form 71 important for incorrect TDS filing? Form 71 has been initiated in the wake of several taxpayers facing the issue of their tax being deducted in the financial year in which the income ...

As the financial year draws to a close, many salaried employees are preparing to receive their Form 16, a crucial document for filing Income Tax Returns (ITRs). Form 16, which details salary income, ...

Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, ...

For filing, April - June 2022 quarter TDS -- the due date is July 31, while the deadline for July to September quarter is set on October 31, and for December 2022 quarter is January 31, and the ...