Section 271H: Penalty on taxpayers for not filing TDS or TCS returns

Section 271H of the Income Tax Act, 1961, outlines penalties related to the late filing, non-filing, or furnishing of incorrect information in Tax Deducted at Source (TDS) and Tax Collected… 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

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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 / TCS Compliances Reminder for February 2026

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7th February 2026 – Due Date for TDS / TCS payment for deductions / collections during January 15th February 2026 – Due date for issuance of TDS Certificates for Quarter 3 of FY: 2025-26 *Please ensure timely compliance to avoid… Read more »