I am an NRI living in Dubai and have investments in Indian listed stocks. One of the companies I invested in did a buyback in March, on which Tax Deducted at Source (TDS) was deducted. At that time, I ...

As the deadline to file income tax return on July 31 comes closer, tax payers are advised to file their returns on time so that they don’t have to pay any fine for the dues later on. And merely ...

Misclassification, delayed deposits, or reporting errors in TDS can trigger interest, penalties, and disallowance of expenses under the Income-tax ...

Form 26AS: The taxpayer should download Form 26AS and confirm the actual TDS/TCS/Tax paid. If any discrepancy is observed, then suitable action should be taken to reconcile it. Ensure that other ...

New Delhi: When a person passes away, their income tax responsibilities don’t end with them. A legal heir or representative, often a spouse, child, or close relative can file the income tax return on ...

March 31, 2025 is the deadline for filing correction statements of tax deducted at source (TDS) returns for FY 2007-08 to Q3 of FY 2018-19. This deadline is important for those individual taxpayers ...

Income Tax Return (ITR) filing AY 2025-26: If you haven’t filed your ITR for AY 2025-26 yet, you have one last chance. You can file a belated return by December 31st and claim your income tax refund.

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 ...

Filing income tax is a process that needs proper caution and attention, and any minute mistake may make the process ineffective. This is the reason why taxpayers are suggested to cross-check the ...

New Delhi: India will implement the Income Tax Act, 2025 from April 1, 2026. Draft Rules 2026 aim to simplify tax filing and ...