The Income-Tax (I-T) Department has launched its revamped and upgraded TDS Reconciliation Analysis and Correction Enabling System website i.e. TRACES portal aimed at providing single window access to ...
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New TDS rule for partnership firms: 10% tax on partner payments from FY 2025–26 explained
Partnership firms in India must now follow stricter tax compliance rules as a new provision comes into effect. Introduced in the Union Budget and applicable from April 1, 2025, Section 194T of the ...
Income Tax Dept has launched TRACES 2.0 from April 1, 2026, simplifying TDS compliance under the new tax regime. New forms, lower TCS rates and a revamped portal aim to make tax tracking and ...
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