Union Budget 2026 details direct tax measures, TDS/TCS rate changes, new exemptions, and revised ITR deadlines for taxpayers.

The Union Budget 2026–27 has proposed a calibrated reset of TDS and TCS rates across key sectors. While levies on alcohol, ...

TAN requirement removed and PAN-based challan introduced for resident buyers purchasing property from non-residents, easing compliance ...

Earlier, insurers deducted TDS on the interest component of MACT-awarded accident compensation paid to insured taxpayers if ...

TDS deductions on gross receipts severely strain working capital in sectors like real estate, infrastructure, and BPO, where margins are modest. Even taxpayers having exemption certificates or losses ...

If your bank has deducted tax on your FD interest, that money may still be yours. You just need to know how to get it back.

The Income Tax Act, 2025, introduces new Form 128 for applications requesting nil or lower Tax Deducted at Source (TDS) on ...

Two Budget proposals aim to simplify TDS processes for investors and small taxpayers, reducing hassle and improving ...

Union Budget 2026 clarifies TDS rates for contract work, resolving long-standing ambiguities in tax deduction provisions.

The Income Tax Appellate Tribunal Mumbai has ruled in favour of a taxpayer. The tribunal stated that the tax department must ...

According to the new rules, you will be able to claim your TDS refund even if you file your income tax return late.

The Court reaffirmed that lease rent paid for use of land qualifies as “rent” under Section 194I. Revenue’s appeals were dismissed in light of binding ...