Writing off advances, debtors and creditors is not simply an exercise in clearing old ledgers. A business may recognise a loss in its bo…
From 1 October 2026, a resident individual or HUF buying immovable property from a non-resident gets a simpler TDS reporting route: the buyer can us…
Updated 22 September 2026. The Income Tax e-Filing ecosystem is continuing its phased transition to the Income-tax Act, 2025 and Income Tax Rules, 2…
Last reviewed: 14 September 2026. Answer first: The second instalment of advance tax for Tax Year 2026-27 is due on 15 September 2026 . Under secti…
Last reviewed: 28 August 2026. Answer first: The Income-tax Act, 2025 came into force on 1 April 2026 . It governs Tax Year 2026-27 onward, while th…
Answer first: From Tax Year 2026-27, the application for a lower or …
Form 121 is the unified declaration that replaces Forms 15G and 15H for Tax Year 2026-27 under the Income-tax Act, 2025. The change app…
Last reviewed: 25 August 2026. Answer first: For Tax Year 2026-27 , the Income Tax Department uses Form 144 for the quarterly TDS statement on s…