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

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 ...

Good news for individual taxpayers including salaried as the Income Tax Department has released Form 13 which is used for ...

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 ...

If the seller is a NRI, taxes are withheld at a higher rate, and the buyer is also required to obtain a TAN, deposit the tax ...