Effective April 1, 2026, the statutory limit for correcting TDS/TCS returns is 2 years from the FY end. This new rule eliminates unlimited revisions, demanding timely compliance to avoid penalties and ...

Individuals must pay advance tax in instalments if their total tax liability for the year surpasses Rs 10,000 after TDS/TCS ...

November brings with it several compliance deadlines, including those for TDS deposits, AY 2025-26 Income Tax Return (ITR) ...

November brings a fresh round of tax compliance deadlines for individuals, businesses, and government offices. From TDS ...

November is packed with crucial compliance dates for taxpayers and deductors. From TDS deposits to return filings, here’s a ...

The simplest way to avoid an income tax notice is to file your Income Tax Return (ITR) before the due date. Make sure the ...

ICAI’s proposal for optional joint ITR for couples faces hurdles in policy, technology, and administration. Here’s why the government remains ...

CII noted that tax litigation continues to burden businesses, with more than five lakh appeals involving nearly ₹18 lakh ...

CII calls for a trust-based, technology-enabled tax system; proposes simplified TDS regime, statutory taxpayers’ charter, and ...

PHDCCI has urged the government to lower personal income tax rates for those earning up to Rs 50 lakh and restore the 15% ...

In a note, the ICAI has outlined its recommendations into areas like reducing compliance burden, improving tax collections, mitigating litigation and rationalisation of the provisions of the income ...

FICCI calls for immediate steps to reduce a large backlog of appeals before the Commissioners of Income Tax (Appeals), saying ...