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

According to the advisory, the correction statements for TDS and TCS can only be filed for Q4 of FY 2018-19 up to Q3 of FY 2023-24 until March 31, 2026. Earlier, the 6-year duration permitted for the ...

New Delhi: Salaried individuals often need to file an Income Tax Return (ITR) just to claim a refund of Tax Deducted at Source (TDS), even if their income is below the taxable limit. The government is ...

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 ...

Commuted pension received from certain notified pension funds, like LIC Pension Fund, will now be fully tax-free. (Representational Image: X) The new Income Tax Bill will replace many of the existing ...

TDS is deducted by platforms and reported to the Income Tax Department Losses from gaming cannot be set off or carried forward Income from online real money gaming is taxed at a flat 30% rate Income ...

ITAT Delhi held that penalty under Section 272A(2)(g) cannot be imposed when TDS delay is due to technical reasons and the assessee has already paid compounding charges and ...

New Delhi:A Parliamentary panel, which examined the new Income Tax Bill, on Monday suggested that the Finance Ministry allows individual taxpayers to claim TDS refunds by filing I-T returns after the ...