Paying rent above Rs 50,000? Here's why you need to deduct TDS under Section 194-IB by March 31

Under Section 194IB of the Income Tax Act, 196, individuals and HUFs must deduct 2 percent TDS on rent if the monthly amount ...
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Deadline to claim pending TDS credit for FY 2007-08 till Q3 FY 2017-18 is March 31, 2025; do this now to file a TDS correction statement

March 31, 2025 is the deadline for filing correction statements of tax deducted at source (TDS) returns for FY 2007-08 to Q3 of FY 2018-19. This deadline is important for those individual taxpayers ...
The Financial Express

No jail for TDS, ITR lapses? BCAS urges govt to fully decriminalise technical errors

In its post-Budget memorandum on the Finance Bill 2026, the Bombay Chartered Accountants’ Society (BCAS) has urged the ...
Tax Guru

Interest on TDS Refund Allowed as AO Cannot Decide Delay Under Section 244A(2): Delhi HC

The Delhi High Court held that the Assessing Officer cannot deny refund interest by attributing delay to the assessee. The decision clarified that only higher authorities specified in Section 244A(2) ...

What legal heirs need to know about filing ITR after a taxpayer’s death

The legal heirs are responsible for filing the return of income from 1st April till the date of death of the deceased and ...
Tax Guru

Tax Deducted at Source (TDS): Compliance Challenges in India

Misclassification, delayed deposits, or reporting errors in TDS can trigger interest, penalties, and disallowance of expenses under the Income-tax ...