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 ...

Highlights that selecting the incorrect portal tab can lead to data mismatches and filing errors. Emphasizes the need to use ...

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

Check out ITR Filing 2026 deadlines for FY 2025–26 and AY 2026–27, covering key income tax return due dates, revised filing ...

Form 121 replaces Form 15H, which is filed by senior citizens, as well as Form 15G, which is filed by individuals below the age of 60. Here's a detailed explanation of the changes and key mistakes to ...

TDS shows up in two very different situations for most people in India. Every month a salaried employee sees a deduction ...

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 ...