The Tribunal held that TDS credit must be granted in the year in which the related income is assessed, even if it is not reflected in Form 26AS. The case clarifies that timing differences by the ...

Not getting an income tax refund due to TDS mismatch in Form 26AS? A new Allahabad High Court ruling may work in your favour. The Allahabad High Court has issued a ruling on October 8, 2025, clearly ...

The issue involved restriction of TDS credit due to mismatch between Form 26AS and return. ITAT held that such adjustments require verification and cannot be made under Section ...

One of the most relevant changes is related to Form 16. The document, issued by employers as proof of tax deducted at source ...

The Income Tax Department has launched TRACES 2.0 to simplify TDS compliance under the Income-tax Act, 2025. The new portal ...

Income Tax Dept has launched TRACES 2.0 from April 1, 2026, simplifying TDS compliance under the new tax regime. New forms, ...

The Economic Survey has floated an operational overhaul to improve the efficiency of government collections and potentially earn more on idle cash balances. It suggests shifting tax deducted at source ...

The Income Tax Department has introduced the upgraded TRACES 2.0 portal, enhancing user experience and simplifying TDS compliance for taxpayers and property buyers.

The Income Tax Department has rolled out an upgraded version of its TRACES portal, aimed at making tax-related processes ...

Did our AI summary help? The Income Tax Department has introduced major changes to income-tax form numbering under the Income Tax Rules, 2026, replacing several widely used forms that were previously ...

The deductor must deduct and deposit TDS with the government and file the statement. The TDS certificate is then generated ...