What is Online Correction? TRACES has provided the functionality of “Online Correction” where deductor can perform correction of TDS return /TCS return online. Following are the various facilities available through online… Read more »
Section 194S of the Income Tax Act was introduced to regulate taxation on transactions involving Virtual Digital Assets (VDAs), including cryptocurrencies and non-fungible tokens (NFTs). The provision ensures tax compliance… Read more »
Once you have completed the process of filing your TDS or TCS returns, the next important step is to generate and distribute the relevant certificates to deductees or collectees. The… 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 »