Under the new framework, Form 121 serves as a unified self-declaration for individuals seeking exemption from tax deducted at ...

EPF TDS exemption moves to Form 121, allowing simpler filing process but with stricter data checks and verification norms ...

The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption ...

Form 121 replaces Form 15H, which is filed by senior citizens, as well as Form 15G, which is filed by individuals below the age of 60. Here's a detailed explanation of the changes and key mistakes to ...

The Income Tax Department clarified TDS on bank interest, creating confusion among investors regarding Fixed Deposits.

The shift replaces multiple filings with a single consolidated form for buyers. The key takeaway is that compliance is now ...

ITR: If you are a salaried individual, Form 16 is a crucial document for filing the income tax return (ITR). Employers are required to file their e-TDS return for the January–March quarter by 31 May.

As the financial year draws to a close, many salaried employees are preparing to receive their Form 16, a crucial document for filing Income Tax Returns (ITRs). Form 16, which details salary income, ...

According to the advisory, the correction statements for TDS and TCS can only be filed for Q4 of FY 2018-19 up to Q3 of FY 2023-24 until March 31, 2026. Earlier, the 6-year duration permitted for the ...

An NRI avoided a Rs 12.5 lakh TDS deduction on a Rs 1 crore property sale by using a simple provision under tax law. By ...