TAN requirement removed and PAN-based challan introduced for resident buyers purchasing property from non-residents, easing compliance ...

The move is aimed at easing compliance for resident buyers, who earlier had to apply for a TAN solely to deposit TDS when ...

TDS Filing Online: Late filing of TDS return attracts a fine of Rs 200 per day till the TDS return is filed. TDS Online Return Filing: Tax deducted at source (TDS) as the name suggests is the amount ...

It’s that time of the year when taxpayers start downloading the Annual Information Statement (AIS) and Form 26AS to file their income tax returns (ITR). It’s that time of the year when taxpayers start ...

If you are claiming a House Rent Allowance (HRA) exemption in your tax returns but haven't deducted and paid the required Tax Deducted at Source (TDS) on your rent, you might receive a notice from the ...

TDS and TCS returns may be furnished physically or electronically depending on status of the deductor. Any person or entity, while making specified payments to another person (third party), needs to ...

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 government relies significantly on income tax as a revenue source. Moreover, it obligates taxpayers to fulfil their fiscal duties through timely payments. The process involves challans used for ...