Income-tax Act, 2025 revises the TRACES TDS Justification Report password format with new form numbering and structure from 1 April ...

The first quarterly TDS and TCS return filing under the Income-tax Act, 2025 is due on July 31, 2026, with new return forms ...

Businesses and tax deductors must file Q1 TDS and TCS returns by July 31, 2026 using the new return forms and revised section ...

With increasing digital integration across government databases, preventive reconciliation before filing the return has become considerably more important than post-filing corrections.

Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate by June 15th. If delayed, taxpayers can use salary slips, bank statements, ...

AI Quick Read As income tax return (ITR) filing for assessment year (AY) 2026-27 gathers pace, many salaried taxpayers are relying on Form 16 issued by their employers to prepare their returns.

Taxpayers should still claim the TDS credit in their ITR even if it is missing from Form 26AS or AIS, say experts. The Income ...

Banks and other entities deducting tax at source are required to file quarterly TDS returns through Form 26Q for the March 2026 quarter by May 31, 2026. Until those statements are filed and processed, ...

Tax Deducted at Source (TDS) is a mechanism through which tax is collected in advance. Under this system, the payer deducts a specified amount of tax before making payments such as salary, bank ...

July is an important month for income tax compliance, with key deadlines for ITR filing, TDS and TCS deposits, quarterly ...

When you're preparing to file your Income Tax Return (ITR), you may assume that the TDS on the salary deducted by your employer and mentioned in your Form 16 and Form 26AS will always match. When ...