Notably, Form 16 and Form 24Q both have undergone updation last month. The Central Board of Direct Taxes (CBDT) has once again extended the deadline for TDS statements. Photo: Pixabay The Central ...

ITR filing 2025: The Central Board of Direct Taxes (CBDT) has released a recent circular outlining the updated guidelines for tax deductions from salary as per section 192 of the Income Tax Act, 1961.

One can reduce their taxes by furnishing these forms in their ITR filing. Also TDS can be claimed from the Income Tax department. From the looks of the new Forms it can be said that, claims under ...

A summary of total TDS deducted and deposited with the government is mentioned in Part A of Form 16. The Central Board of Direct Taxes (CBDT) has notified amendments in Form 16 — which acts as ...

The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration received from other employers, thereby making it more comprehensive to ...

TDS and TCS returns may be furnished physically or electronically depending on status of the deductor. Any person or entity, while making specified payments to another person (third party), needs to ...