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 »
Category: TDS
Section 276B: Failing to remit Tax Deducted at Source (TDS)
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 »
TDSMAN is not meant for claiming TDS Refunds – Important Clarification for Delivery Partners & Gig Workers
It has been observed that individuals working with digital platforms such as Uber, Ola, Rapido, Zomato, Swiggy, Blinkit, Zepto, Urban Company and many other online delivery partners sometimes register on… Read more »
Different matching statuses in Form 16 / Form 16A
Following are different matching statuses in Form 16 / Form 16A: U-Unmatched (Deductor has not deposited taxes or has furnished incorrect particulars of tax payment. Final credit will be reflected… Read more »
TDS / TCS Correction Filing Window Reduced to Two Years Effective 1st April 2026
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 »
TDS Returns Software for FY: 2026-27 Released
We are pleased to announce the release of TDSMAN (FY: 2026-27). Now you can prepare TDS Returns for all quarters of FY: 2025-26 and FY: 2026-27. It covers: All TDS/TCS… Read more »