The first quarterly TDS and TCS return filing under the Income-tax Act, 2025 is due on July 31, 2026, with new return forms ...

Explains new TDS/TCS forms, section references, Tax Year concept, revised TCS due date and Q1 compliance requirements under the Income-tax Act, ...

Businesses and tax deductors must file Q1 TDS and TCS returns by July 31, 2026 using the new return forms and revised section ...

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 ...

A comprehensive Direct Tax Ready Reference for AY 2026-27 covering Finance Act, 2026. Includes income tax rates, TDS/TCS, capital gains, deductions, depreciation, due dates, advance tax, return filing ...

July is an important month for income tax compliance, with key deadlines for ITR filing, TDS and TCS deposits, quarterly ...

The Income-Tax (I-T) Department has launched its revamped and upgraded TDS Reconciliation Analysis and Correction Enabling System website i.e. TRACES portal aimed at providing single window access to ...

Income-tax compliance calendar for May 2026 (As per ITA 1961 read with the IT Rules, 1962 for FY 25-26). The Income-tax Act, 2025 (ITA 2025) has been notified and made applicable with effect from 1 ...

For salaried individuals, pensioners and taxpayers whose accounts are not required to be audited, July 31 is the due date to file the Income Tax Return for the assessment year. Missing the deadline ...

In a move that eases the burden on taxpayers and businesses, the Central Board of Direct Taxes (CBDT) has announced relief for those who received tax demand notices for short deduction or collection ...

The requirement to issue TDS and TCS certificates is increasingly seen as redundant. (AI image) India’s tax deduction at source (TDS) framework, originally designed as a mechanism to ensure steady ...

The Income Tax Department has issued an advisory stating that 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. This means if ...