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Income tax: New TDS/TCS statement correction deadline; do it now to avoid tax notice later
The Income Tax Department has issued an advisory saying that you can only file TDS and TCS correction statements for Q4 of FY 2018-19 to Q3 of FY 2023-24, until March 31, 2026. So, if your bank, ...
ITR filing FY 2024-25 (AY 2025-26): When filing your income tax return every year, the choice between the old and the new income tax regime is an important one. The new income tax regime offers lower ...
The issue was prolonged misuse of correction statements due to no statutory deadline. The law now enforces strict timelines, making accurate original filing ...
Ahead of Budget 2026, there is a humble request to reform the existing TCS provisions. It is now crucial to avoid collecting TCS from bona fide, honest individual taxpayers who pay their taxes in good ...
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