As the financial year draws to a close, many salaried employees are preparing to receive their Form 16, a crucial document for filing Income Tax Returns (ITRs). Form 16, which details salary income, ...
The dispute concerned denial of TDS credit citing inconsistencies in reported transaction values. The ruling clarified that ...
TDS deductions on gross receipts severely strain working capital in sectors like real estate, infrastructure, and BPO, where ...
Ideally, these forms should be submitted before the start of the financial year for which TDS is to be deducted or before the first income payment which is subject to TDS. (Image: Reuters) Question: ...
What is Form 71 important for incorrect TDS filing? Form 71 has been initiated in the wake of several taxpayers facing the issue of their tax being deducted in the financial year in which the income ...
Two Budget proposals aim to simplify TDS processes for investors and small taxpayers, reducing hassle and improving ...
In the Union Budget 2026, Finance Minister Nirmala Sitharaman drew attention to Form 15G, a small but important tax document ...
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