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 »
7th July 2026 – Due date for TDS / TCS payment for deductions / collections during June 2026 15th July 2026 – Due date of filing TCS Return for Quarter 1 of Tax Year 2026-2027 30th… Read more »
The provisions relating to TDS on interest other than interest on securities have been restructured under the Income-tax Act, 2025. The earlier Section 194A of the Income-tax Act, 1961 is… Read more »
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 »
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 »
The provisions relating to TDS on rent have been restructured under the Income-tax Act, 2025. The earlier Section 194I of the Income-tax Act, 1961 is now covered under Section 393(1)… Read more »
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