Businesses and tax deductors preparing to file their first-quarter TDS and TCS returns for Tax Year (TY) 2026-27 will need to adapt to a new compliance framework under the Income-tax Act, 2025. The ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Tax deduction at source (TDS) or ...

The Delhi High Court asked the Centre to respond to a PIL that is seeking automatic TDS refunds for individuals with no tax ...

New Income Tax Bill 2025: The Lok Sabha on Monday passed the The New Income Tax Bill 2025 which is referred as The Income-Tax (No.2) Bill. It will replace the six-decade-old Income Tax Act, 1961. The ...

CBDT introduces Forms 138 and 140 from April 1, 2026, replacing 24Q/26Q with simplified quarterly TDS reporting under the Income-tax Act, 2025.

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.

Commuted pension received from certain notified pension funds, like LIC Pension Fund, will now be fully tax-free. (Representational Image: X) The new Income Tax Bill will replace many of the existing ...

Banks or financial institutions deduct TDS on fixed deposits when the interest earned exceeds certain thresholds. September 15, 2025, last date for submitting the Income Tax Returns (ITRs) for the ...

The 2026 ITR season has exposed major tax reporting gaps among crypto investors, with many mistaking TDS for their final tax ...

The PIL questions the validity of Section 433 of the Income Tax Act, 2025, which requires taxpayers to file an ITR to claim a refund.

The Delhi High Court on Wednesday sought the response of the Central Government on a public interest litigation (PIL) seeking ...