TDS / TCS Compliances Reminder for April & May 2026
7th April 2026 – Due date for TCS payment for collections during March 2026 30th April 2026 – Due date for TDS payment for deductions during March 2026 7th May 2026 – Due… Read more »
Category: CBDT
Extension of Due Date for Issuance of TDS Certificates – Quarter Ending December 2025
The CBDT has issued Circular No. 2/2026 dated 25th March, 2026, in respect of issuance of TDS certificates for the quarter ending 31st December, 2025. As per Section 203 of… Read more »
Consequences of TDS defaults
Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit) : Default/ Failure New Section (IT Act 2025) Old Section Nature of Demand Quantum… Read more »
Healthy Practices for Error Free TDS Returns
Preparing TDS Returns is a simple process and usually does not require any external assistance. However, it is well advised to follow few practices that ensure the correctness of your… Read more »
Different matching statuses in Form 16 / Form 16A
Following are different matching statuses in Form 16 / Form 16A: U-Unmatched (Deductor has not deposited taxes or has furnished incorrect particulars of tax payment. Final credit will be reflected… Read more »
TDS / TCS Correction Filing Window Reduced to Two Years Effective 1st April 2026
The Central Board of Direct Taxes (CBDT) has revised the permissible period for filing TDS / TCS correction statements. With effect from 1st April 2026, correction statements will be accepted… Read more »