CBDT last week mentioned that, with a view to redress genuine hardship of deductors in timely filing of TDS statement in Form 24Q on account of revision of its format and consequent updating of the ...

One can reduce their taxes by furnishing these forms in their ITR filing. Also TDS can be claimed from the Income Tax department. From the looks of the new Forms it can be said that, claims under ...

ITR filing 2025: The Central Board of Direct Taxes (CBDT) has released a recent circular outlining the updated guidelines for tax deductions from salary as per section 192 of the Income Tax Act, 1961.

A summary of total TDS deducted and deposited with the government is mentioned in Part A of Form 16. The Central Board of Direct Taxes (CBDT) has notified amendments in Form 16 — which acts as ...

Form 16: It is a certificate issued by an employer to its employees for each financial year, under Section 203 of the Income-tax Act, 1961. It has two sections—part A and B. Part A contains the ...

TDS and TCS returns may be furnished physically or electronically depending on status of the deductor. Any person or entity, while making specified payments to another person (third party), needs to ...