Budget 2026 introduces electronic system for lower or nil TDS certificates from 1 April 2026, impacting cash flow, MSMEs and compliance ...
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New I-T Bill restores exemption for anonymous donations to trusts, TDS refund claim filing procedure
The new Income Tax Bill, passed by Lok Sabha on Monday, has retained the provisions regarding ITR filing for TDS claims and tax exemptions for anonymous donations made to all religious-cum-charitable ...
Tax Deducted at Source (TDS) has long been a cornerstone of the direct tax system, ensuring timely revenue collection and enabling transaction monitoring. In FY 2024–25, TDS accounted for nearly 1/3rd ...
Did our AI summary help? The Income Tax Act, 2025, slated to take effect from April 1, 2026, has drawn the attention of taxpayers who are keen to understand how the new law will shape their tax ...
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