New File Validation Utility (FVU) Version 1.1 Released on 8th July, 2026

New version of File Validation Utility (FVU) for e-TDS/TCS statements is released by the Income Tax Department. FVU Version 1.1 – Applicable for quarterly TDS/TCS statements pertaining to TY 2026-27… Read more »

TDS on Fees for Professional and Technical Services – Section 393(1) (194J)

The provisions relating to TDS on fees for professional and technical services have been restructured under the Income-tax Act, 2025. The earlier Section 194J of the Income-tax Act, 1961 is… Read more »

Failure to Pay TDS to Government – Section 476 (276B)

The provisions relating to prosecution for failure to deposit Tax Deducted at Source (TDS) to the credit of the Central Government have been restructured under the Income-tax Act, 2025. The… Read more »

Country-wise DTAA Rates for tax year 2026-27

DTAA refers to the Double Taxation Avoidance Agreement entered into between two countries to avoid taxation of the same income in both jurisdictions. India has such treaties with around 90… Read more »

New File Validation Utility (FVU) Version 1.0 Released on 1st July, 2026

The Income Tax Department has released the File Validation Utility (FVU) Version 1.0 for quarterly TDS / TCS statements to be filed under the provisions of the Income-tax Act, 2025…. Read more »

TDS / TCS Compliances Reminder for July 2026

7th July 2026 – Due date for TDS / TCS payment for deductions / collections during June 2026 31st July 2026 – Due date of filing TDS & TCS Return for Quarter 1 of Tax… Read more »