New TDS, TCS rules 2025: Key changes impacting income taxpayers starting April 1. All you need to know
One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme (LRS), which has ...
Income Tax Deadline: Last four days left for last instalment of advance tax
Advance tax for FY 2024-25 must be paid by March 15, 2025. The department emphasises that timely payment ensures compliance ...
TDS Filing Due Date: Pay Beforehand To Avoid Penalty As Deadline In Two Days
The TDS/TCS submission deadline is March 07, 2025. Late deposits can lead to penalties, interest, and prosecution. Corporates ...
Income Tax dept to crack down on TDS/TCS defaulters; targets 40,000 taxpayers
The income tax department is set to crack down on individuals and businesses that have failed to deduct and deposit TDS/TCS. Approximately 40,000 taxpayers from FY22-23 and FY23-24 are under scrutiny.
Missed Filing ITR Over The Last Few Years? Income Tax Department Targets Non-Filers, Issues Notices Under Section 148A
The income tax department has listed such individuals with undisclosed income subject to income tax and accordingly, the ...
Taxpayers take note! Crack down against 40,000 TDS/TCS defaulters planned by Income Tax department
The Income Tax Department is set to launch a nationwide action against nearly 40,000 taxpayers who have failed to deposit ...
India Today on MSN1d
Skipped filing ITR? You may get a tax notice very soon
The tax authorities use a risk management strategy (RMS) to flag high-risk non-filers, said the department.  This system ...
Didn’t file ITR in past? You may get tax notices from I-T department u/s 148A as it has identified high risk non-ITR filers
This type of income tax notice is coming soon to these identified persons relating to AY 2019-20, 2020- 21 and 2021-22; Know ...
The Financial Express6d
Major changes in TDS and TCS rules from April 1: Here’s all you need to know
The Centre in the Budget announced many important changes related to tax, especially to make TDS and TCS easy and simple. The ...
India Today on MSN2d
Income Tax Department expands e-Pay tax service to 30 banks. Check latest list
India’s Income Tax Department offers the E-Pay Tax service on the e-Filing portal, enabling individuals, businesses, and entities in India to pay direct taxes like advance tax, self-assessment tax, ...