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Benefits of TDS Software for TDS Deductors & TCS Collectors

India’s tax system has undergone significant changes. The old rules are no longer in effect, and the new Income Tax Act 2025 has been introduced. The updated law has streamlined th...

How TDS Software Fixes Certificate Error for a Salaried Person

TDS compliance depends on accurate information, especially with the digitisation of India’s tax administration. For salaried taxpayers, Form 16 is a crucial document for verifying...

Mumbai ITAT Provides Relief to Salaried Taxpayer in Employer’s TDS Deposit Lapse

Mumbai branch of the Income Tax Appellate Tribunal (ITAT) has clarified that employees can still receive credit for tax that has been deducted from their salaries. This is true eve...

CBDT Circular No. 4/2002 & TDS on Exempt Institutions: A Forgotten Relief Every Taxpayer and Deductor Must Understan...

CBDT Circular No. 4/2002 & TDS on Exempt Institutions: A Forgotten Relief Every Taxpayer and Deductor Must Understand   For decades, companies, banks, PSUs, Government departme...

SFT And TDS Data Are Major Sources Of Tax Officials

L. Vijaya Bhaskara Reddy, director of income-tax (I&CI), Hyderabad, and P. Sankar Pandi, additional director, said SFT filings by reporting entities directly impacted tax admin...

Mumbai ITAT: TDS Reflected in Form 26AS Must Be Allowed Even if Return Was Not Filed

In a reassessment case, the Income Tax Department treated the entire income reflected in Form 26AS as taxable income for a Mumbai-based taxpayer. However, despite considering the i...

NRI Selling Property in India? Beware: TDS Rules Have Changed Under the New Income Tax Act, 2025

NRI Selling Property in India? Beware: TDS Rules Have Changed Under the New Income Tax Act, 2025   The sale of immovable property by Non-Resident Indians (NRIs) has always been a c...

NRI Mutual Fund Tax: Why the TDS You Pay Rarely Matches the Tax You Actually Owe

NRIs pay the same MF tax rate as residents, but TDS is often withheld on the full gain rather than the amount after the exemption. Here's the exact rupee gap, & how it's reclai...

Aircraft, ship lease payments to IFSC units exempt from TDS for 20 years

Leasing entities in IFSCs will enjoy improved liquidity as funds are no longer locked up in TDS credits

ITAT Bangalore Allows TDS Credit Despite Non-Claim in Original ITR

The Bangalore bench of the ITAT (Income Tax Appellate Tribunal) stated that the tax credit refusal only on the basis that it was not availed in the original income return is unsust...

10 Things Taxpayers Must Know About the ₹12 Lakh Tax-Free Claim

10 Things Taxpayers Must Know About the ₹12 Lakh Tax-Free Claim   After the Budget announcement in the last year, many taxpayers started celebrating the arrival of a “tax-free ₹12...

Delhi CESTAT Quashes Service Tax Demand Based Solely on ITR and Form 26AS Data Without Proper Investigation

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in New Delhi ruled that the tax department cannot enforce a service tax demand by invoking the extended limitation...

आपके फोन पर आया ‘Total TDS’ मैसेज? घबराएं नहीं, जानें टैक्सपेयर्स के लिए क्यों है जरूरी

Received a crypto tax notice? Here's what investors need to know while filing ITR this year

Crypto investors filing their income tax returns this year need to go beyond the 1% TDS deducted by exchanges and accurately report all virtual digital asset (VDA) transactions. He...

Latest Tax Updates: Section 7508A Refund Claims, Whistleblower Award Eligibility, and Court Restrictions on IRS Collecti...

CBDT Brings Infrastructure Sub-Sectors Within Scope of Eligible Businesses Under IT Act, 2025

The Central Board of Direct Taxes (CBDT) has issued Notification No. 70/2026, dated June 1, 2026, identifying specific infrastructure-related businesses as eligible under the Incom...

ITAT Grants Relief Under Section 80JJAA: Deduction Cannot Be Denied Merely for Non-Filing of Form 10DA Due to Technical...

ITAT Grants Relief Under Section 80JJAA: Deduction Cannot Be Denied Merely for Non-Filing of Form 10DA Due to Technical Portal Limitation   In an important ruling concerning deduct...

TSUTF Flays Deductions from May Salaries

The union said deductions were made from both spouses, even though earlier rules required only one contribution when both were government employees. Clarity on dependent family mem...

ITR filing FY 2025-26: Old vs new income tax regime - how salaried taxpayers can lower tax outgo

ITR filing FY 2025-26: The two regimes differ fundamentally in structure. The new tax regime offers lower slab rates but largely eliminates exemptions and deductions. The old tax r...

The last big tax break left in the new regime

The employer NPS contribution is one of the few deductions left under the new tax regime. Learn who can claim the 14 per cent benefit and how it works.

Don’t Let Form 16 Decide Your Tax Liability!

Don’t Let Form 16 Decide Your Tax Liability!     July is not just another month on the calendar. For millions of salaried taxpayers, it is the month of Form 16, income tax returns...

3 SCSS Rule Changes Every Retiree Should Know Before Investing

The SCSS TDS threshold for senior citizens has doubled to Rs 1 lakh, and Form 15H is gone, replaced by Form 121. Here's what changes before you invest.

CBDT Notifies Guidelines for Compulsory Complete Scrutiny of ITRs in FY 2026-27

Recently, the Central Board of Direct Taxes (CBDT) has issued guidelines specifying the categories of Income Tax Returns (ITRs) that will be subject to Complete Scrutiny during FY...

CBDT Notifies Tax Exemption for BBN Development Authority Under Section 10(46)

The Central Board of Direct Taxes (CBDT) has announced the Baddi Barotiwala Nalagarh Development Authority (BBNDA) u/s 10(46) of the Income-tax Act, 1961, granting income tax exemp...