News

ITR filing update: TDS/TCS corrections window cut to 2 years from 6 years; what does this mean for you?

T departmenr update, correction statements for FY 2018-19 (Q4), FY 2019-20 through FY 2022-23 (all quarters), and FY 2023-24 ...

ITR Filing: New TDS/TCS statement correction deadline; here's what you should do to avoid tax notice

According to the advisory, the correction statements for TDS and TCS can only be filed for Q4 of FY 2018-19 up to Q3 of FY ...

Why you may need to file ITR even if your income is below the exemption limit

If you’ve spent ₹2 lakh or more on foreign travel—whether for yourself or someone else—that alone triggers a requirement to ...

Income tax: New TDS/TCS statement correction deadline; do it now to avoid tax notice later

Income Tax Department said that March 31, 2026 is the deadline for TDS, TCS correction statements. This applies to FY 2018-19 Q4 to FY 2023-24 Q3. Deductors, collectors must correct errors before ...

You have to file ITR if you carried out any of these eight transactions

Even with income below Rs 2.5 lakh (old regime) or Rs 3 lakh (new regime), filing ITR is mandatory if certain transactions ...