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 new Act retains existing TDS rates and thresholds while reorganising provisions. It prioritises simplification and ...
March 31, 2025 is the deadline for filing correction statements of tax deducted at source (TDS) returns for FY 2007-08 to Q3 of FY 2018-19. This deadline is important for those individual taxpayers ...
TDS Filing Online: Late filing of TDS return attracts a fine of Rs 200 per day till the TDS return is filed. TDS Online Return Filing: Tax deducted at source (TDS) as the name suggests is the amount ...
Certain payments made by individuals attract tax deduction at source (TDS), but many are unaware of it. For instance, 2% TDS applies to rent exceeding ₹50,000 per month, 1% on property purchases above ...
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, ...
ITR Filing: New TDS/TCS statement correction deadline; here's what you should do to avoid tax notice
According to the advisory, the correction statements for TDS and TCS can only be filed for Q4 of FY 2018-19 up to Q3 of FY 2023-24 until March 31, 2026. Earlier, the 6-year duration permitted for the ...
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