As part of the changes, the tax filing deadline for non-audit trusts has been extended to August 31, while the due date for ...

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 ...

Check out 5 big announcements on direct tax by FM Nirmala Sitharaman as she presented her 9th consecutive Budget.

The Bill proposes later return filing deadlines, longer revision windows, and electronic TDS certificate mechanisms. The key takeaway is reduced compliance pressure and fewer procedural ...

Union Budget 2026 brought significant relief for individual and small taxpayers, with Finance Minister Nirmala Sitharaman ...

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