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 »
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 »
Starting from 1st April 2025, a significant change is being introduced regarding the filing of Correction Statements. Under the current provisions, taxpayers have the flexibility to file correction statements for… Read more »
Section 276B of the Income Tax Act, 1961, addresses the consequences for failing to remit Tax Deducted at Source (TDS) to the Central Government within the prescribed timeframe. This provision… Read more »
30th January – Due date of issuing TCS certificate for Quarter 3 of Financial Year 2025-2026 31st January – Due date of filing TDS Returns for Quarter 3 of Financial… Read more »
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released by the Income Tax Department. FVU Version 9.3 – Applicable for quarterly TDS/TCS statement pertaining to FY 2010-11… Read more »
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