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 ...

T departmenr update, correction statements for FY 2018-19 (Q4), FY 2019-20 through FY 2022-23 (all quarters), and FY 2023-24 ...

If you’ve spent ₹2 lakh or more on foreign travel—whether for yourself or someone else—that alone triggers a requirement to ...

Income Tax Department said that March 31, 2026 is the deadline for TDS, TCS correction statements. This applies to FY 2018-19 Q4 to FY 2023-24 Q3. Deductors, collectors must correct errors before ...

In a major relief for taxpayers and businesses, the Central Board of Direct Taxes (CBDT) has extended the window to avoid higher TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) rates.

The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000. Chapters have been cut from 47 to 23, while sections have reduced from ...

Even if your income is under the taxable limit, you might still be required to make an Income Tax Return. The legislation ...

While it is true that you may not have any tax dues, that alone does not mean you can skip filing your return. Filing ITR is ...

Even with income below Rs 2.5 lakh (old regime) or Rs 3 lakh (new regime), filing ITR is mandatory if certain transactions ...