India’s new Income-tax Act, 2025 will come into effect from April 1, 2026, introducing a ‘tax year’, revised ITR deadlines and extended return revision timelines. Key changes such as STT hike, TCS ...
Budget 2025 has removed prosecution for taxpayers who failed to deposit Tax Collected at Source (TCS) despite collecting it. This is subject to the condition TCS is paid before filing the TCS return ...