The Income Tax Department recently issued an advisory stating that under Section 397 (3)(f), TDS/TCS correction statements can now only be filed within two years after the end of the relevant tax year ...
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 ...
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 ...