Explains new TDS/TCS forms, section references, Tax Year concept, revised TCS due date and Q1 compliance requirements under the Income-tax Act, ...

Businesses and tax deductors must file Q1 TDS and TCS returns by July 31, 2026 using the new return forms and revised section ...

Tax Deducted at Source (TDS) is a way through which tax is collected in advance by deducting a certain amount from specified payments. A TDS refund becomes applicable when the amount of tax deducted ...

AI Quick Read As income tax return (ITR) filing for assessment year (AY) 2026-27 gathers pace, many salaried taxpayers are relying on Form 16 issued by their employers to prepare their returns.