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 »
Category: TAN
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 »
TDS / TCS Rate Chart Tax Year (FY: 2026-27)
With the new Income-tax Act (applicable from tax year 2026–27), TDS / TCS provisions are consolidated into a few sections (mainly Section 393), with rates specified through tables. Each table… Read more »
Healthy Practices for Error Free TDS Returns
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 »
Tax on Salary Income – Old Regime vs New Regime
As it seems evident, gradually the ‘Old Regime’ for computing income tax is being phased out, from FY:24-25, each tax payer has been placed in the ‘New Regime’ for taxation…. Read more »
Late Payment Intimation – reasons & how to resolve?
In the TDS Return filed, the intimation for Late Payment can be received for the following reasons: Case #1: There was a delay in payment of TDS dues for which… Read more »