From April 1, 2026, a host of income tax changes will come into effect under the new Income Tax Act, 2025. Among these, the introduction of Form 121 stands out as a key reform for senior citizens, ...

It is important to ensure that details on your TDS statements (Form 16 and 16A) and financial statement Form 26AS match ...

Form 26AS is essentially a tax passbook maintained by the Income Tax department. It contains details of tax deducted at source (TDS), tax collected at source (TCS), advance tax pa ...

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 ...

Income-tax compliance calendar for May 2026 (As per ITA 1961 read with the IT Rules, 1962 for FY 25-26). The Income-tax Act, 2025 (ITA 2025) has been notified and made applicable with effect from 1 ...