New Delhi: When a person passes away, their income tax responsibilities don’t end with them. A legal heir or representative, often a spouse, child, or close relative can file the income tax return on ...

March deadlines: advance tax payments due March 15, TDS certificate issuance by March 17, and international tax reporting by ...

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

The proposed amendments rationalise tax provisions, simplify reporting rules, and introduce clearer deductions and exemptions. The reforms aim to improve voluntary compliance and reduce tax ...

One of the most significant changes is in Tax Audit reporting, where the earlier Forms 3CA and 3CB have now been replaced by Form 26. The new form reportedly contains 55 segment-wise clauses, ...

Under Section 194IB of the Income Tax Act, 196, individuals and HUFs must deduct 2 percent TDS on rent if the monthly amount ...

The Bombay High Court ruled that limitation under Section 201(3) must be calculated based on the financial year in which each quarterly TDS statement is filed. The decision confirms that annual or ...

From salaried employees to freelancers, using an income tax calculator can turn tax filing from guesswork into informed planning.