Income Tax Department launches upgraded TRACES portal with new TDS forms and a single tax year, simplifying compliance and boosting transparency for taxpayers ...
The tax deductor should deposit the amount by the 7th day of the next month. (Image: Freepik) Tax deducted at source (TDS) is the income tax deducted from the payment made including salaries, ...
The shift replaces multiple filings with a single consolidated form for buyers. The key takeaway is that compliance is now ...
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E-filing of annual statement, TCS and TDS: What are the major tax deadlines you cannot miss in May?
May 2026 brings crucial tax compliance dates, including May 7 for TDS/TCS deposit and declarations, and May 15 for issuing ...
The Income Tax Department recently issued an advisory stating that under Section 397 (3)(f), TDS/TCS correction statements can now only be filed within two years after the end of the relevant tax year ...
Taxpayers and businesses must comply with several important filing and reporting deadlines throughout May 2026, including TDS ...
Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare income below taxable limits. Eligible taxpayers can now use ...
May 2026 brings a packed schedule of tax compliance deadlines for taxpayers and businesses across India. From TDS/TCS ...
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