Taxpayers who find that the tax deducted from their income is likely to be higher than their actual tax liability may soon ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Tax deduction at source (TDS) or ...

CBDT introduces Forms 138 and 140 from April 1, 2026, replacing 24Q/26Q with simplified quarterly TDS reporting under the Income-tax Act, 2025.

AI Quick Read Businesses and other tax deductors filing their first-quarter TDS and TCS returns for Tax Year (TY) 2026-27 will have to comply with a new reporting framework under the Income-tax Act, ...

Businesses and tax deductors preparing to file their first-quarter TDS and TCS returns for Tax Year (TY) 2026-27 will need to adapt to a new compliance framework under the Income-tax Act, 2025. The ...

Tax Deducted at Source (TDS) is a mechanism through which tax is collected in advance. Under this system, the payer deducts a specified amount of tax before making payments such as salary, bank ...

The Delhi High Court asked the Centre to respond to a PIL that is seeking automatic TDS refunds for individuals with no tax ...

AI Quick Read As income tax return (ITR) filing for assessment year (AY) 2026-27 gathers pace, many salaried taxpayers are relying on Form 16 issued by their employers to prepare their returns.

The last date to file income tax returns for FY 2025-26 (AY 2026-27) is July 31, 2026. Many salaried taxpayers are already gearing up to submit their returns, hoping to finish the process early, ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. TDS means tax deducted at source—which ...

The PIL questions the validity of Section 433 of the Income Tax Act, 2025, which requires taxpayers to file an ITR to claim a refund.