The Income Tax Department has rolled out a new and simplified form for reporting Tax Collected at Source (TCS), aiming to ...

The Income Tax Department has notified all seven ITR forms, along with ITR-V and ITR-U, for the Assessment Year 2026-27 (Financial Year 2025-26). This has led many taxpayers to wonder if they can ...

Taxpayers and businesses must comply with several important filing and reporting deadlines throughout May 2026, including TDS ...

Under Section 206C of the Income Tax Act, automobile dealers are required to collect 1% TCS on the purchase of motor vehicles ...

Income tax deadlines go beyond ITR filing, covering TDS, TCS, and advance tax. Here’s a month-wise guide to key dates to help you stay compliant and tax-ready throughout the year.

As per an earlier notice issued by the Income Tax Department, the changes aim to reduce discrepancies, accelerate processing timelines, limit manual intervention, and enhance overall efficiency.

New Delhi: From April 1, India has introduced the Income Tax Act 2025, replacing the six-decade-old Income Tax Act of 1961. The new law aims to simplify the tax system, make rules easier to understand ...

Car buyers paying over Rs 10 lakh are being reminded to check the 1% TCS collected at purchase. The credit, linked to PAN ...

Prime Minister Modi asked Indians to avoid foreign travel. But if you are going anyway, the government collects a 2% tax on ...