Section 194T, effective April 2025, mandates a 10% TDS on firms' payments (salary, interest, etc.) to partners exceeding ₹20,000 annually. New rules create compliance and non-resident ...

TDS and TCS returns may be furnished physically or electronically depending on status of the deductor. Any person or entity, while making specified payments to another person (third party), needs to ...

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 ...

The Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for filing quarterly TDS statement in Form 26Q for the June quarter by a month till November 30. Form 26Q is used for ...

The Centre has extended the deadline for filing Form 26Q for July-September 2022 from October 31 to November 30. Due date of other TDS forms for the same period, however, remains unchanged. Taxpayers ...

New Delhi [India], October 27 (ANI): The Finance Ministry official on Thursday said the Central Board of Direct Taxes (CBDT) had extended the due date for filing Form 26Q for the second quarter of the ...

The Tax Deducted at Source (or TDS) is a taxation mechanism that ensures that taxes are collected from the source of income. It’s a form of advance tax that is deducted by the payer at the time of ...

CBDT last week mentioned that, with a view to redress genuine hardship of deductors in timely filing of TDS statement in Form 24Q on account of revision of its format and consequent updating of the ...