From December 1, several new financial rules will come into effect, impacting pensions, tax filings and fuel prices.

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 ...

The Income Tax Department has issued an advisory stating that correction statements for TDS and TCS can only be filed for Q4 of FY 2018-19 up to Q3 of FY 2023-24 until March 31, 2026. This means if ...

Commuted pension received from certain notified pension funds, like LIC Pension Fund, will now be fully tax-free. (Representational Image: X) The new Income Tax Bill will replace many of the existing ...

In a move aimed at easing the tax burden and improving cash flow for households, the government has introduced significant changes to Tax Deducted at Source (TDS) rules effective from September 25, ...

Banks or financial institutions deduct TDS on fixed deposits when the interest earned exceeds certain thresholds. September 15, 2025, last date for submitting the Income Tax Returns (ITRs) for the ...

According to the advisory, the correction statements for TDS and TCS can only be filed for Q4 of FY 2018-19 up to Q3 of FY 2023-24 until March 31, 2026. Earlier, the 6-year duration permitted for the ...

The revised Income Tax Bill, 2025 was passed by the Lok Sabha yesterday within a couple of hours of tabling in the House. This Income Tax (No. 2) Bill, 2025 was introduced after the government ...

Several key changes in financial rules, set to come into effect from Dec. 1, will affect pensioners and taxpayers.

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITRs) for the assessment year 2025–26. Taxpayers who were earlier required to file their returns by ...

An employee working with a Chennai-based company faced a situation where three months’ salary remained unpaid, yet TDS was deducted, and Form 16 was issued. Today's Ask Wallet Wise decodes if one can ...