Under Section 195 of the Income Tax Act, the buyer is required to deduct tax at source at 12.5 percent if the seller is a non ...

We often think that Form-16 is only used for filing tax returns. Most employed people receive it every year from their ...

A father-son duo faced tax issues after jointly selling ancestral land. The purchaser erroneously deducted the entire TDS ...

If your ITR shows 'Processed' but the refund hasn't come, there's no need to panic. This year, the deadline for filing non-audit ITR returns was September 16, 2025. As of October 5, 7.68 crore income ...

ITR Filing AY 2025-26: The Income Tax Department sets a deadline for filing tax returns (ITRs) every year by following a set process. After assessing the systemic preparedness, the tax department this ...

Industry body urges filling vacancies, simplifying TDS structure, and granting tax neutrality for fast-track demergers to ...

The Tribunal upheld that a provision made for arrears of VDA, PFD, and HRA pursuant to a High Court directive represented a ...

Getting your Section 80C and 80D investment proofs organised in November can help you avoid last-minute chaos, as most generally seek relevant documents in December and January.

Bombay HC clarified Section 276C(2), holding that mere failure to pay self-assessment tax is not willful evasion, quashing prosecution after tax was paid ...

A: There was no change in Budget 2026 to any income tax bands or rates. As a result, the amount you can earn next year before ...

Form 26AS and AIS are important for taxpayers for accurate tax filings, detailing income and transactions. Errors in these ...

The government is finalising a major GST overhaul with automated refunds, pre-filled returns, and analytics-based scrutiny to ...