According to the new rules, you will be able to claim your TDS refund even if you file your income tax return late.
This proposal is important as excess tax deduction at source (TDS) creates liquidity challenges for small taxpayers. They have to wait for refunds after filing their returns. For instance, a ...
Two Budget proposals aim to simplify TDS processes for investors and small taxpayers, reducing hassle and improving ...
Union Budget 2026 introduces a new Income Tax Act from April 1, 2026, with simplified rules. Key changes include reduced TCS rates on overseas tour packages and LRS remittances for education/medical.
In a relief to small taxpayers, the finance minister has proposed to give them an option to file applications for obtaining lower or nil TDS certifica.
Finance Minister Nirmala Sitharaman announced a series of taxpayer-friendly measures in the Union Budget 2026-27 aimed at easing compliance for small taxpayers. These include a simpler, rule-based TDS ...
By removing the TAN requirement, Budget 2026 eliminates a key hurdle in NRI property sales. Buyers can now comply using only ...
Union Budget 2026 offers big relief for small taxpayers with automated nil-TDS certificates and centralized Form 15G/H ...
The proposal aims to cut paperwork and prevent unnecessary tax deduction for eligible investors, especially senior citizens holding securities across companies ...
Union Budget 2026 details direct tax measures, TDS/TCS rate changes, new exemptions, and revised ITR deadlines for taxpayers.
TDS declarations with multiple payers by investors. The amendment permits filing a single declaration with a depository, which will share it with payers, significantly reducing compliance ...
Taxpayers will be able to apply online for lower or nil TDS certificates. The move simplifies compliance and reduces dependency on physical ...