The Income Tax Department recently issued an advisory stating that under Section 397 (3)(f), TDS/TCS correction statements can now only be filed within two years after the end of the relevant tax year ...
The tax deductor should deposit the amount by the 7th day of the next month. (Image: Freepik) Tax deducted at source (TDS) is the income tax deducted from the payment made including salaries, ...
New income tax laws grant companies extra time to deposit TDS, extending the deadline from 60 to 80 days after the original due date. Companies that fail to deposit the TDS by the return filing ...
Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare income below taxable limits. Eligible taxpayers can now use ...
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