Budget 2026: TDS, TCS, income tax exemptions, revised dates for filing returns -- FM's 5 big announcements on direct tax

Check out 5 big announcements on direct tax by FM Nirmala Sitharaman as she presented her 9th consecutive Budget.
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Budget 2026 relief for taxpayers: Sitharaman extends ITR revision window, simplifies TDS rules

Union Budget 2026 brought significant relief for individual and small taxpayers, with Finance Minister Nirmala Sitharaman ...
Tax Guru

Time Limitation for Rectification of TDS/TCS Statements: A Paradigm Shift in Compliance

The issue was prolonged misuse of correction statements due to no statutory deadline. The law now enforces strict timelines, making accurate original filing ...
Tax Guru

Section 194T: TDS on Remuneration & Interest to Partners of Firm

Section 194T mandates 10% TDS on salary, interest, and remuneration paid to partners. Firms must now deduct tax at source ...

Will Budget 2026 fix NRI exit barrier? Experts call for simplified TDS rules on property sale

If the seller is a NRI, taxes are withheld at a higher rate, and the buyer is also required to obtain a TAN, deposit the tax ...

Employees with foreign income get less gross take home salary due to higher TDS as employers can’t apply FTC; Why Budget 2026 must fix this

Employees earning foreign income face higher tax deductions. This happens because employers cannot apply foreign tax credits ...