Tax Guru

TDS and TCS: The New Shields and Arrows of Taxpayer under Income Tax Act 2025

The Budget proposes PAN-based compliance, digital certificates, and lower LRS TCS rates. At the same time, stricter monitoring rules widen the compliance ...
Tax Guru

TDS Credit Allowed to Legal Heir – Income Taxed in Same Hands Requires Corresponding Credit – ITAT Ahmedabad

The Tribunal emphasized that substantive justice prevails over technical PAN mismatch. Since income of the deceased was offered and accepted, TDS credit had to be allowed to the legal ...

Now request for nil or lower TDS deduction for property and other transactions via this new form as per Income Tax Act, 2025; See what’s changed

The Income Tax Act, 2025, introduces new Form 128 for applications requesting nil or lower Tax Deducted at Source (TDS) on ...

Budget 2026: New Income Tax Act 2025, TDS-TCS overhaul and compliance relief headline sweeping tax reforms

Budget 2026 delivered significant relief through a rationalisation of TDS and TCS provisions. The TCS rate on overseas tour ...

New tax rule: Form 128 to replace Form 13 for nil or lower TDS certificate under Income Tax Act 2025

The updated system introduces Form 128, which taxpayers can use to request a certificate allowing TDS to be deducted at a ...

From property deals to foreign assets: how the Income-Tax Department tracks your money

In December, the Income-tax Department sent SMS and email alerts flagging mismatches in reported income and non-disclosure of ...

Income tax reliefs, tariffs, ease of doing business… all Budget 2026 questions answered

Key Budget 2026 questions answered as the government rolls out income-tax reliefs and compliance reforms to simplify procedures and reduce taxpayer burden ...