As part of the changes, the tax filing deadline for non-audit trusts has been extended to August 31, while the due date for salaried taxpayers remains unchanged at July 31.

According to the new rules, you will be able to claim your TDS refund even if you file your income tax return late.

Check out 5 big announcements on direct tax by FM Nirmala Sitharaman as she presented her 9th consecutive Budget.

This proposal is important as excess tax deduction at source (TDS) creates liquidity challenges for small taxpayers. They have to wait for refunds after filing their returns. For instance, a ...

Union Budget 2026 by Nirmala Sitharaman eases tax compliance, lowers TCS rates, and boosts investment access for PROIs and non-residents. Discover key reforms.

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

ET Wealth Reader's Query: Is it possible to file an income tax return (ITR) for a deceased family member (mother or father) ...

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

Section 194T introduces a flat 10% TDS on partner remuneration and interest, sharply reducing monthly liquidity for small firms. The key takeaway is that blocked refunds and borrowing costs may ...