TDS challan correction: Tax deductors who have mistakenly deposited TDS challans under the wrong financial year during the transition to the new Income Tax Act, 2025, have been advised to use the ...

Summary: The article explains CBDT Circular No. 9/2025 dated 21 July 2025, which provides relief from higher TDS/TCS ...

July brings a series of key income tax compliance deadlines for taxpayers and reporting entities, culminating in the Income Tax Return (ITR) filing deadline on July 31. The month includes due dates ...

TDS Filing Online: Late filing of TDS return attracts a fine of Rs 200 per day till the TDS return is filed. TDS Online Return Filing: Tax deducted at source (TDS) as the name suggests is the amount ...

CBDT introduces Forms 138 and 140 from April 1, 2026, replacing 24Q/26Q with simplified quarterly TDS reporting under the Income-tax Act, 2025.

This is a user generated content for MyStory, a YourStory initiative to enable its community to contribute and have their voices heard. The views and writings here ...

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. TDS means tax deducted at source—which ...

TDS and TCS returns may be furnished physically or electronically depending on status of the deductor. Any person or entity, while making specified payments to another person (third party), needs to ...

It’s that time of the year when taxpayers start downloading the Annual Information Statement (AIS) and Form 26AS to file their income tax returns (ITR). AIS is a detailed summary of a taxpayer's ...

Challan is a form that is used to pay taxes to the government. The authorized banks receive the tax paid through a challan before it is deposited with the Income Tax department. Payments made with ...