Income Tax Department launches upgraded TRACES portal with new TDS forms and a single tax year, simplifying compliance and boosting transparency for taxpayers ...
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No More ITR Hassles for TDS Refund: New Form to Replace Income Tax Return for Low-Income Earners
In a significant move aimed at simplifying the income tax filing process for low-income individuals, the Indian government is proposing a major relief in the Income Tax Bill 2025. As per the proposal, ...
Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare income below taxable limits. Eligible taxpayers can now use ...
For now, there is no change in the mode of TDS payment. The resident buyer is required to mandatorily obtain and use a TAN ...
TDS shows up in two very different situations for most people in India. Every month a salaried employee sees a deduction before the salary hits the account. And at some point in life, when buying a ...
MUMBAI - Tax rules in India don't always make for light reading. But some of them, if you ignore them, can quietly become a problem. TDS on interest is one ...
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