However, from April 1, 2026, transactional forms such as tax deducted at source statements, remittances, Form 60, and Form 15G/15H would operate under the new simplified framework.

Budget 2026 introduces electronic system for lower or nil TDS certificates from 1 April 2026, impacting cash flow, MSMEs and compliance ...

The new law consolidates all TDS provisions into a single structured section with three tables for residents, non-residents, ...

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...

The ITA 2025 broadly retains current TDS rates, advance tax instalments, and audit thresholds, but consultants with multiple ...

Draft Income-Tax Rules 2026 aim for voluntary compliance but require crucial changes to prevent taxpayers from paying twice. Key issues include protecting deductees from deductor defaults, ...

In December, the Income-tax Department sent SMS and email alerts flagging mismatches in reported income and non-disclosure of ...

Form 16 becomes Form 130 and 26AS turns into 168 from April 1, 2026. Check full list of renamed income tax forms under the ...

The Indian income tax framework has introduced a significant compliance requirement under the revised Rule 205, mandating that salaried employees disclose their relationship with landlords when ...

This year's crop of unsigned NFL players might not be mind-blowing, but there are some quality options available. Maybe.

By proposing higher exemption limits across several key allowances, such as house rent allowance (HRA), children’s education ...

CA explains FEMA status change rules for returning NRIs, covering NRE NRO redesignation, FCNR continuation, RNOR taxation, ...