Businesses and tax deductors must file Q1 TDS and TCS returns by July 31, 2026 using the new return forms and revised section codes under the Income-tax Act, 2025. Here's what has changed, the new ...

Businesses and tax deductors preparing to file their first-quarter TDS and TCS returns for Tax Year (TY) 2026-27 will need to adapt to a new compliance framework under the Income-tax Act, 2025. The ...

Tax Deducted at Source (TDS) is a way through which tax is collected in advance by deducting a certain amount from specified payments. The person making the payment deposits the deducted tax with the ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Tax deduction at source (TDS) or ...

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.

When you're preparing to file your Income Tax Return (ITR), you may assume that the TDS on the salary deducted by your employer and mentioned in your Form 16 and Form 26AS will always match. When ...