NRIs note: The Central Board of Direct Taxes (CBDT) recently revised the procedure, rules, and format for obtaining TDS certificates, issuing a circular on September 27, 2023. NRIs cannot utilize Form ...

At times, it happens that the taxpayer does not receive Form 16 or Form 16A. Form 16 or Form 16A is a TDS certificate that informs individuals about the total tax deducted in a financial year and the ...

The Income-Tax (I-T) Department has launched its revamped and upgraded TDS Reconciliation Analysis and Correction Enabling System website i.e. TRACES portal aimed at providing single window access to ...

TDS rates for FY 2024-25: When making a payment subject to TDS, the payer must deduct a specified percentage of the amount paid. The recipient then receives a TDS certificate from the deductor, ...

To minimise tax deduction and maximise the benefit of government Tax saving schemes it is important to be punctual and complete filing and documentation before the Income Tax department's deadline. In ...

If you are eligible for lower or NIL or lower TDS (Tax Deducted at Source) under Income Tax Act, filing for the certificate will be much easier as the Income Tax Department has finalised the ...

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 ...

Form 16 is a certificate issued by employers, giving details of employees' TDS (tax deducted at source) usually by mid June and is used in filing I-T returns. Where the original TDS certificate is ...

Tax experts say that although Form 16 is an important document to file an annual ITR but it is not a mandatory document.

May 2026 brings key income tax deadlines, including TDS and TCS payments, quarterly filings, and certificate issuance.