The Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms.

Each Form 141 can report only one type of transaction, and a separate form must be filed for each transaction category.

EPFO Form 121 is now live from April, replacing 15G and 15H. Know who must file it, how it helps avoid TDS, and why not all ...

2. Form 121 is a declaration by a taxpayer to the effect that tax on his estimated total income for the tax year will be Nil, ...

The deductor must deduct and deposit TDS with the government and file the statement. The TDS certificate is then generated ...

The new law reorganizes TDS provisions into simplified sections and forms. The key takeaway is that rates remain unchanged, but compliance requires system ...

The new financial year FY26–27 has begun, bringing with it a fresh set of income tax deadlines that taxpayers should keep in ...

Income Tax Department launches upgraded TRACES portal with new TDS forms and a single tax year, simplifying compliance and ...

The Income Tax Department has rolled out a new TRACES portal aimed at improving usability and speeding up processes. But how ...

The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption ...

Form 121 replaces Form 15H, which is filed by senior citizens, as well as Form 15G, which is filed by individuals below the age of 60. Here's a detailed explanation of the changes and key mistakes to ...

The Income Tax Department has introduced Form 141, a single unified TDS form replacing four existing forms. Here’s what it ...