Investors of 2018 GOI Savings Bonds face tax issues as RBI deducted TDS on full interest at maturity. Expert suggests using ...

The Income-tax Act, 2025 introduces Form 141 to replace Form 26QB from April 2026. The change aims to reduce reporting mistakes and simplify TDS compliance in property ...

ITAT ruled that denial of TDS credit due to a PAN mismatch between the deceased and the legal heir is unjustified. Once the income is taxed in the hands of the legal heir, the corresponding TDS credit ...

The Central Information Commission has urged the Income Tax Department to create a taxpayer-friendly mechanism to address ...

March 15 is the deadline for the final advance tax installment for FY 2025–26. Salaried individuals with extra income may need to pay.

ET Wealth Reader's Query: I had purchased GOI Savings Bonds issued by the RBI in 2018. These bonds carried a fixed interest rate of 7.75% per annum. I reported accrued interest yearly in my ITRs using ...

With the deadline for the final advance tax instalment on March 15 approaching, taxpayers are rushing to clear their dues before the end of the financial year. Since the due date falls on a Sunday, ...

As the financial year draws to a close, millions of salaried taxpayers across India enter a decisive phase. What was once a routine process of submitt.

India’s income-tax system is set for a major structural reset from April 1, 2026, as several familiar tax documents will receive new identities under the upcoming Income-tax Act, 2025. Forms that have ...

In a recent statement, the Central Information Commission has called on the Income Tax Department to overhaul its system for taxpayers. It has come to light that many are struggling to rectify TDS ...

The Central Information Commission (CIC) has advised the Income Tax Department to “institutionalise a taxpayer-friendly mechanism”, flagging that taxpayers are often made to run from “pillar to post” ...

As India prepares to roll out the new Income-tax Act and Draft Income-tax Rules from April 1, 2026, experts say the changes are more structural than rate-driven. While tax slabs remain untouched,major ...