Income Tax Department launches upgraded TRACES portal with new TDS forms and a single tax year, simplifying compliance and boosting transparency for taxpayers ...
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 ...
Form 121 replaces Form 15H, which is filed by senior citizens, as well as Form 15G, which is filed by individuals below the age of 60. Here's a detailed explanation of the changes and key mistakes to ...
Income Tax: The last date to file income tax return (ITR) of September 15 is drawing closer. This is the time to hurry through your return filing process but carefully. While filing your income tax ...
Hosted on MSN
No More ITR Hassles for TDS Refund: New Form to Replace Income Tax Return for Low-Income Earners
In a significant move aimed at simplifying the income tax filing process for low-income individuals, the Indian government is proposing a major relief in the Income Tax Bill 2025. As per the proposal, ...
From April 1, 2026, the TDS/TCS regime will see a major overhaul under the new Income Tax Act, with renumbered sections and simplified compliance processes. In NRI property deals, buyers can use PAN ...
TDS shows up in two very different situations for most people in India. Every month a salaried employee sees a deduction ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results