It is important to ensure that details on your TDS statements (Form 16 and 16A) and financial statement Form 26AS match ...

From April 1, 2026, a host of income tax changes will come into effect under the new Income Tax Act, 2025. Among these, the introduction of Form 121 stands out as a key reform for senior citizens, ...

Confusion has emerged among taxpayers and professionals over the process for depositing TDS on the purchase of immovable property from non-residents under the Income-tax Act, 2026, which came into ...

New income tax reforms has taken effect on April 1, 2026. The Income Tax Department has introduced sweepingchanges to the forms used for income tax filing, PAN applications, TDScompliance and e- ...

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, ...

Income-tax compliance calendar for May 2026 (As per ITA 1961 read with the IT Rules, 1962 for FY 25-26). The Income-tax Act, 2025 (ITA 2025) has been notified and made applicable with effect from 1 ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. TDS means tax deducted at source—which ...

Buying property in India from a non-resident seller has long involved cumbersome paperwork. In a significant compliance relief announced on February 1, Finance Minister Nirmala Sitharaman proposed ...