The Income Tax Department has rolled out a new and simplified form for reporting Tax Collected at Source (TCS), aiming to ...

May 2026 brings a packed schedule of tax compliance deadlines for taxpayers and businesses across India. From TDS/TCS ...

The Income Tax Department has notified all seven ITR forms, along with ITR-V and ITR-U, for the Assessment Year 2026-27 (Financial Year 2025-26). This has led many taxpayers to wonder if they can ...

Taxpayers and businesses must comply with several important filing and reporting deadlines throughout May 2026, including TDS ...

Key dates include May 7 for depositing TDS/TCS for April and filing declarations under the Income-tax Act, May 15 for issuing ...

Tax Latest News: Missing the 10 deadlines listed below could result in a late fee of ₹200 per day under Section 234E, as well ...

As per an earlier notice issued by the Income Tax Department, the changes aim to reduce discrepancies, accelerate processing timelines, limit manual intervention, and enhance overall efficiency.

New Delhi: From April 1, India has introduced the Income Tax Act 2025, replacing the six-decade-old Income Tax Act of 1961. The new law aims to simplify the tax system, make rules easier to understand ...

TDS, TCS rates: India’s tax compliance framework is set for a structural overhaul in Tax Year 2026–27 (FY 2026–27), with sweeping changes to Tax Deducted at Source (TDS) and Tax Collected at Source ...