The new tax law renumbers TDS return forms and introduces a unified reporting system. The key takeaway is that compliance remains the same, but form numbers and structure are ...
Notably, Form 16 and Form 24Q both have undergone updation last month. The Central Board of Direct Taxes (CBDT) has once again extended the deadline for TDS statements. Photo: Pixabay The Central ...
ITR filing 2025: The Central Board of Direct Taxes (CBDT) has released a recent circular outlining the updated guidelines for tax deductions from salary as per section 192 of the Income Tax Act, 1961.
One can reduce their taxes by furnishing these forms in their ITR filing. Also TDS can be claimed from the Income Tax department. From the looks of the new Forms it can be said that, claims under ...
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TDS, TCS new rules: Forms 138 and 140 replace old forms 24Q and 26Q — here's all you need to know
The government has introduced new Forms 138 and 140 for TDS reporting, replacing the old Forms 24Q and 26Q. Here's all you ...
A summary of total TDS deducted and deposited with the government is mentioned in Part A of Form 16. The Central Board of Direct Taxes (CBDT) has notified amendments in Form 16 — which acts as ...
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Income tax changes from April 1: Form 16, 26AS and more to get new numbers from new FY - New rules explained
One of the most relevant changes is related to Form 16. The document, issued by employers as proof of tax deducted at source ...
Form 24Q is a quarterly statement of deduction of tax in respect of salary for the quarters of the FY and is to be filed by the employer. The last date for filing income tax return (ITR), which is ...
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