Form 130 Income Tax Rules 2026 pdf download Form No. 130 is the new official Tax Deducted at Source (TDS) certificate for salary income under the Income-tax Act, 2025, effectively replacing the old Form 16. It is Notified as per rule 215(1) of the Income Tax Rules 2026 Here are the key points regarding Form… Read More »
Form 141 Income Tax Rules 2026 pdf download (Earlier Form 26QB/26QC/26QD/26QD/26QR) under Income Tax Act 2025 read with Income tax Rules 2026 Based on the Income-tax Act, 2025 and the Income Tax Rules, 2026, here are the key points regarding the new Form No. 141: 1. Unified Challan-cum-TDS Statement Form 141 is introduced as a… Read More »
ITR filing Last Date FY 2025-26 AY 2026-27 I ITR filing Due date AY 2026-27 For AY 2026-27 (Financial Year 2025-26), the standard ITR filing due date for salaried individuals is 31 July 2026, but a new tiered system introduced in Budget 2026 has extended deadlines for other non-audit categories. [1, 2] Original Return Deadlines… Read More »
ITR select filing type : Solved When filing your Income Tax Return (ITR) for AY 2026-27, “Selecting the Filing Type” refers to two distinct choices on the Income Tax e-Filing portal: the Filing Mode (how you submit) and the Return Type (the legal status of your submission). 1. Select Your Return Type (Section 139) Before… Read More »
Penalty for Late Filing of ITR AY 2026-27 For Assessment Year (AY) 2026-27 (Financial Year 2025-26), the penalty for late filing of Income Tax Return (ITR) is primarily governed by a fixed late fee and monthly interest on any unpaid tax. Fixed Late Filing Fee (Section 234F) The amount you must pay depends on your… Read More »
what is itr filing Income Tax Return (ITR) is a form you submit to the Income Tax Department to report your annual income, taxes paid, and any refunds due to you Think of it as a self-declaration of your financial year’s earnings. Even if your tax is already deducted (TDS) by your employer, you still… Read More »
TDS return filing online new forms as per income Tax rules 2026 and applicability Under the Income-tax Act, 2025 and Income Tax Rules, 2026, the online filing of quarterly TDS and TCS returns has been restructured with a new set of forms. The applicability of these forms depends strictly on the period during which the… Read More »
TDS return filing online Step by Step Guide Filing a Tax Deducted at Source (TDS) return online involves preparing a validated file using official utilities and uploading it to the Income Tax e-Filing portal. [1, 2, 3, 4] 1. Core Requirements Valid TAN: You must have an active Tax Deduction and Collection Account Number. Portal… Read More »
Tax on 15 lakh income in new regime ay 2026-27 For Assessment Year (AY) 2026-27 (Financial Year 2025-26), the total tax on an income of ₹15 lakh (salary Income_ under the new regime is ₹97,500 (including 4% health and education cess). This calculation assumes salaried individual eligible for the ₹75,000 standard deduction. Tax Calculation Breakdown… Read More »
148A Income Tax Notice issued ! Here is the Complete Procedure Procedure for issue of Notice u/s 148a income tax The procedure under Section 148A of the Income Tax Act, 1961, is a mandatory preliminary process that an Assessing Officer (AO) must follow before they can officially reopen a tax case. It ensures you… Read More »