According to the new rules, you will be able to claim your TDS refund even if you file your income tax return late.

This proposal is important as excess tax deduction at source (TDS) creates liquidity challenges for small taxpayers. They have to wait for refunds after filing their returns. For instance, a ...

The issue was prolonged misuse of correction statements due to no statutory deadline. The law now enforces strict timelines, making accurate original filing ...

TDS deductions on gross receipts severely strain working capital in sectors like real estate, infrastructure, and BPO, where ...

Finance Minister Nirmala Sitharaman announced key changes to direct tax rules, simplifying compliance and easing the burden ...