The Income Tax Department has released a new version of the File Validation Utility (FVU) to validate TDS / TCS returns before submission. This updated version would address the following:… Read more »
With the introduction of the Income-tax Act, 2025 and the corresponding Income-tax Rules, 2026, one of the key areas of change is the renumbering and restructuring of forms used for… Read more »
Section 206C(1F) of the Income Tax Act, 1961 requires sellers to collect tax at source (TCS) on the sale of motor vehicles exceeding a prescribed threshold. Effective from 1st April 2025,… Read more »
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 »
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 »
We are pleased to announce the release of TDSMAN (FY: 2026-27). Now you can prepare TDS Returns for all quarters of FY: 2025-26 and FY: 2026-27. It covers: All TDS/TCS… Read more »
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