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 ...

The deductor must deduct and deposit TDS with the government and file the statement. The TDS certificate is then generated ...

The Income Tax Department has rolled out a new TRACES portal aimed at improving usability and speeding up processes. But how ...

Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior ...

How To File TDS: Tax Deducted at Source, commonly known as TDS, is a system where tax is deducted at the point of income. If you are a deductor, filing TDS returns on time is a legal requirement. The ...

Income Tax Department launches upgraded TRACES portal with new TDS forms and a single tax year, simplifying compliance and ...

To generate these certificates, deductors need to log in to the TRACES portal, go to the TDS certificate section, and select ...

The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption ...

Form 121 replaces Form 15H, which is filed by senior citizens, as well as Form 15G, which is filed by individuals below the ...

Under the provisions of the Income-tax Act, 2025, tax deducted at source (TDS) applies to payments made in India that are ...