Property sellers can now fix TDS credit mistakes. If a buyer incorrectly deposited TDS, sellers can file Form 71 within two years. This form helps align TDS credit with the correct assessment year.

Mumbai: A significant number of corporate and individual taxpayers in Mumbai have received a jolt from the income-tax (I-T) department because a technical fault in ...

When taxpayers receive such a tax demand, they can counter it by filing a rectification request on the IT portal. (Image: Pixabay) Tech professional Samir (name changed) was shocked to receive a tax ...

Relief was shortlived for Indian crypto exchanges as the Income Tax portal has updated its document on Tax Deduction as Source (TDS), restoring the TDS on Virtual Digital Assets (VDAs) at 1 percent.