Many property sellers have to pay 3.5 times more TDS and TCS due to issues with Income Tax TDS, TCS rules; Five such I-T rules need overhaul

However, the Income-tax Rules continue to create procedural complexity and hardships for many taxpayers.Taxpayers still ...
Rediff.com

What You Must Know About New Income Tax Act

The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to ...

'Taxpayers paying twice...': Expert flags TDS credit anomalies under new Income Tax Act

While the new Income-tax Act promises clarity and simplicity, several procedural rules remain stuck in the past. Expert warns ...
IndiaFilings

New Time Limit for Filing TCS/TDS Correction Statements

The Income Tax Department has fixed March 31, 2026, as the last date to file TDS/TCS correction statements for FY 2018-19 Q4 to FY 2023-24 Q3. File now to avoid loss of tax credit, demand notices, and ...
CNBCTV18

October income tax calendar: From audit submissions to TDS deposits

October 2025 brings key deadlines for TDS/TCS deposits, tax return filings, and audit submissions. Several important filings, ...
Businessworld

I-T Dept Functionality To Identify 'Specified Persons' On Whom Higher TDS/TCS Would Be Levied From July 1

The income tax department on Monday said it has developed a new utility to help TDS deductors and TCS collectors identify the 'specified persons' on whom higher rate of taxes would be levied from July ...