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 ...

Yes, you can file an ITR for a deceased parent and claim a TDS refund, but there is a specific process to follow. It involves two major steps: obtaining proof that you are the legal heir, and ...

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

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

Filing ITR is not only about paying tax, but also about creating an official record of your income. In today’s digital system, the Income Tax Department can easily track financial transactions. So, ...

Not filing an ITR leads to missing out on refunds where TDS was already deducted on FDs, salary, or freelance income.

Rather than launching something new, the revamp retools a familiar system into a more centralised, transaction-level ...

Income tax deadlines for FY27 go beyond just ITR filing, covering TDS deposits, certificates and advance tax payments across ...

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 ...