The new law reorganizes TDS provisions into simplified sections and forms. The key takeaway is that rates remain unchanged, but compliance requires system ...

The Income Tax Department clarified TDS on bank interest, creating confusion among investors regarding Fixed Deposits.

The issue was the complex and scattered TDS/TCS provisions under the old law. The new Act consolidates multiple sections into a simplified structure, making compliance easier and more transparent. The ...

Income-tax Department launches Form No. 128 under the Income-tax Act, 2025, enabling taxpayers to seek lower or nil TDS TCS ...

Income Tax Dept has launched TRACES 2.0 from April 1, 2026, simplifying TDS compliance under the new tax regime. New forms, lower TCS rates and a revamped portal aim to make tax tracking and ...

The Income Tax Act, 2025, effective April 1, maintains existing TDS thresholds on bank interest. The I-T department clarified ...

Employees should remain vigilant and preserve proof of deduction, such as salary slips, Form 16, bank statements, or ...

Income Tax Department launches upgraded TRACES portal with new TDS forms and a single tax year, simplifying compliance and ...

Key ITR filing dates, TDS deadlines, advance tax instalments and compliance timelines explained to help taxpayers avoid ...

Each Form 141 can report only one type of transaction, and a separate form must be filed for each transaction category.

The Income-tax Department has rolled out a key procedural change with the introduction of Form No. 128, replacing the earlier ...