The government has overhauled the tax deducted at source (TDS) declaration framework by introducing Form 121, which replaces ...

As of April 1, 2026, the Income Tax Act, 2025 has officially come into force by replacing the Income Tax Act 1961, bringing a digital-first approach to compliance. For salaried professionals, this ...

ITAT Clarifies TDS Rule on Property Deals, Offers Relief in Multi-Seller Cases In a significant development for homebuyers, ...

Form 121 has replaced Forms 15G and 15H under the new Income Tax Act, 2026, simplifying TDS exemption for all taxpayers with a single, unified declaration process.

The deductor must deduct and deposit TDS with the government and file the statement. The TDS certificate is then generated ...

TDS stands for Tax Deducted at Source and it is deducted at a specified rate by the payor in compliance with the IT Act. As per the IT Act, TDS is collected after a certain threshold limit of earnings ...

In a relief for homebuyers, ITAT Ahmedabad has ruled that no TDS under Section 194-IA is required even if the total property ...