Challan is a form that is used to pay taxes to the government. The authorized banks receive the tax paid through a challan before it is deposited with the Income Tax department. Payments made with ...

The compliance cycle for January kicks off early. January 7, 2026, is the key deadline for depositing TDS and TCS deducted or collected for December 2025. This applies to most deductions, except those ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Tax deduction at source (TDS) or ...

I am paying a monthly house rent of more than Rs 50,000. As per Section 194-IB of the Income Tax Act, I understand that TDS is applicable. Should I deduct and deposit TDS every month, or can it be ...

Tax deducted at source (TDS) is the practice of reducing tax evasion and spillage by making it mandatory to deduct TDS from payments at pre-defined rates. Whether your employer pays you salary, or ...

The income tax department will deny TDS credit and flag your ITR if it detects discrepancies between the TDS information reported in your return and that provided by the deductor. Ensuring accurate ...

How do I deduct TDS and submit the same for a housing property bought from an NRI? Answer: As per the provisions of Section 195 of Income Tax Act, any person who pays any sum of money which is ...

Income Tax Calendar May 2024: Taxpayers should note that the month of May will see several tax-related deadlines and tasks to avoid paying penalties, penal interest, and others. May is a critical ...