Filing a nil income tax return for AY 2026-27 is crucial for maintaining financial credibility and future tax advantages. Key details emerge as the filing season begins.
Tag: TDS
Income tax: New Regulations Set to Impact Tenants Paying High Rent
Starting April 1, 2026, tenants paying over ₹50,000 in monthly rent must deduct 2% TDS under new income tax regulations. Failure to comply may lead to penalties.
Form 121 Revolutionizes TDS Declarations in India
Form 121 has been introduced in India, replacing the previous Forms 15G and 15H for TDS declarations. This change simplifies tax compliance for individuals.
Indian oil interim dividend
Indian Oil Corporation Limited has announced a second interim dividend of 20% for the financial year 2025-26, affecting eligible shareholders.