ITR Filing 2026 Deductions: Key Insights
Filing a nil income tax return for AY 2026-27 is a strategic move, even with no tax due. It helps maintain a solid financial history.
Income Tax Changes: New TDS Rules Effective April 2026
Starting April 1, 2026, tenants paying over ₹50,000 in rent must deduct 2% TDS. Non-compliance could lead to penalties.
Form 121 Revolutionizes TDS Declarations in India
The introduction of Form 121 marks a significant shift in TDS declarations for individual taxpayers in India, replacing the older Forms 15G and 15H.