India’s TDS and TCS framework is set for a major overhaul from April 1, 2026, with new forms, revised rates, and simplified ...

Form 128 allows taxpayers to apply for reduced or nil tax deduction or collection under the Income-tax Act, 2025. It helps avoid excess tax deduction and improves cash flow ...

The Centre in the Budget announced many important changes related to tax, especially to make TDS and TCS easy and simple. The purpose of these changes – which will be effective from April 1, 2025 – is ...

New income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing ...

India's tax system is becoming increasingly stringent and digitized. Consequently, regulations such as TDS (Tax Deducted at ...

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 ...

The new tax law renumbers TDS return forms and introduces a unified reporting system. The key takeaway is that compliance remains the same, but form numbers and structure are ...

Finance minister Nirmala Sitharaman on Wednesday announced a 25% cut in the existing rates of various taxes collected or deducted at source (TCS or TDS) by individuals and businesses on behalf of the ...

In a significant move to simplify tax compliance, Finance Minister Nirmala Sitharaman had announced key changes to TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) in the Union Budget ...