TDS on Insurance Commission or Brokerage – Section 393(1) (Section 194D)

The provisions relating to TDS on insurance commission are now covered under Section 393(1) [Table: Sl. No. 1(i)] of the Income-tax Act, 2025, which consolidates various TDS requirements into a… Read more »

Procedure for UIN Generation under Form 121 – CBDT Notification

The Income-tax Department under the new Income Tax Act, 2025 has issued Notification No. 01/CPC (TDS)/2026 dated 28th March, 2026, specifying the procedure, formats and standards for generation and allotment… Read more »

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 »

New File Validation Utilities (FVUs) Version 9.4 & 2.190 released on 1st April, 2026

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 »

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 »