March 31, 2025 is the deadline to file a revised TDS return for FY 2007-08 to 2018-19. What this means is if you have any pending TDS credit which was previously not claimed in ITR due to wrong TDS ...

The much-awaited Income-tax Bill, 2025 (Bill) which is proposed to be effective from April 1, 2026, has been laid before the ...

In fact, in the last five years, the number of nil returns has increased each year. As per the data, the number of nil ...

Use this document to cross-check all income and transactions recorded in AIS with your bank statements, Form 26AS, and personal records. Also, match the TDS entries with AIS. This ensures there ...

Personal loans are accessible without collateral, suitable for unexpected costs. Applicants must be Indian citizens aged ...

Conclusion: Addition against unexplained cash deposit of ₹49.50 lakh was remanded back to AO for verification if the deposits were from business activities, the addition under Section 69A could not ...

To include more taxpayers within the income tax framework, the scope of Tax Deducted at Source (TDS) and Tax Collected at ...

One of the critical challenges is the reflection of coupon interest in Form 26AS, which compounds the complications surrounding TDS. Investors have pointed out that the entire coupon amount is ...

In the Budget 2025, FM Nirmala Sitharaman announced a new TDS compliance threshold for individuals, senior citizens, and ...

The interest earned on FD is fully taxable, which is considered ‘income from other sources’. The amount of TDS collected on ...

Improving data reconciliation in Form 26AS to include detailed transaction information, such as invoice references and deductor PANs, to streamline income reconciliation for telecom operators.

T Department's SMS to salaried taxpayers is meant to provide clarity on TDS deductions. However, some individuals may have misinterpreted the message and are wondering if they owe additional taxes.