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

Good news for individual taxpayers including salaried as the Income Tax Department has released Form 13 which is used for applying for lower or nil rate of TDS deduction for FY 2025-26. This form can ...

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 an NRI living in Dubai and have investments in Indian listed stocks. One of the companies I invested in did a buyback in March, on which Tax Deducted at Source (TDS) was deducted. At that time, I ...

ET Wealth Reader's Query: Is it possible to file an income tax return (ITR) for a deceased family member (mother or father) ...

A Canadian citizen of Indian origin lost his plea in the Delhi High Court to condone the delay in filing his income tax return. He failed to claim TDS deducted on the sale of his Rs 2 crore Indian ...