Q1 FY 2026-27 TDS revised return is getting rejected immediately upon upload..
Q1 FY 2026-27 TDS revised return is getting rejected immediately upon upload, despite successful submission/e-verification.
Tag: TDS
Notification no. 75/2026 dated 03.07.2026- Income tax
Central Board of Direct Taxes (CBDT) issued notification no. 75/2026 dated 03.07.2026 whereby the Central Government hereby specifies that no deduction of tax shall be made under section 393(1)[Table S.No.2] of the said Act on payment in the nature of lease rent or supplemental lease rent
Notification no. 74/2026 dated 03.07.2026- Income tax
CBDT issued notification no. 74/2026 dated 03.07.2026 vide which the Central Government hereby specifies that no deduction of tax shall be made under section 393(1)[Table S.No. 2] of the said Act on payment in the nature of lease rent or supplemental lease rent
TDS challan mistake? Taxpayers need old TRACES portal to fix FY26 error
Taxpayers who have accidentally deposited tax deducted at source (TDS) challans under the wrong financial year during transition to the new Income-tax Act, 2025 will have to rely on the old TRACES portal to correct the mistake.
TDS cannot be denied even if I-T return is not filed: ITAT
In a peculiar case, income-tax officials during reassessment considered the entire income reflected in Form 26AS as taxable in the hands of a Mumbai based taxpayer. However, no credit was given for tax that had been deducted at source (TDS).…
Declaration for Non-Deduction of TDS on Payments for Plying, Hiring or Leasing Goods Carriages under Section 393(4), Income-tax Act, 2025
Payments made to transporters for the carriage of goods are generally subject to tax deduction at source (TDS) under the Income-tax Act, 2025.
SECTION-WISE SUMMARY OF TDS & TCS PROVISIONS IN NEW INCOME TAX ACT, 2025
TDS & TCS in new Income tax Act, 2025
Crypto TDS surges 41%; Maharashtra, Karnataka lead
The government’s highest tax deducted at source (TDS) on so-called virtual digital assets (VDA) came from crypto exchanges based in Maharashtra at ₹293.40 crore in 2024-25, followed by Karnataka ( ₹133.94 crore), and Gujarat ( ₹28.63 crore), according to data from the finance ministry. To be sure, the TDS data involve locations where crypto-exchanges are based and not locations of actual trades.
GST DAILY – 389 : Advisory for Reporting TDS Deducted by scrap Dealers in October 2024
Advisory for Reporting TDS Deducted by scrap Dealers in October 2024
Notification no. S.O.3288(E) dt-18.07.25-income tax
Department of Revenue issued Notification no. S.O.3288(E) dt-18.07.25 to provide exemption from TDS u/s 197A(1F) of the Income-tax Act, 1961 to the payments received by International Crops Research Institute for the Semi-Arid Tropics (ICRISAT).