The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption ...

The new tax law renumbers TDS return forms and introduces a unified reporting system. The key takeaway is that compliance remains the same, but form numbers and structure are ...

EPFO has introduced Form 121 to replace Forms 15G and 15H from April 1, 2026 under the new Income Tax Act, 2025. Here’s how ...

Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior ...

How To File TDS: Tax Deducted at Source, commonly known as TDS, is a system where tax is deducted at the point of income. If ...

Form 121 has replaced Forms 15G and 15H under the new Income Tax Act, 2026, simplifying TDS exemption for all taxpayers with ...

Income Tax Department launches upgraded TRACES portal with new TDS forms and a single tax year, simplifying compliance and ...

Form 121 replaces Form 15H, which is filed by senior citizens, as well as Form 15G, which is filed by individuals below the ...

From April 1, 2026, the TDS/TCS regime will see a major overhaul under the new Income Tax Act, with renumbered sections and ...

The deductor must deduct and deposit TDS with the government and file the statement. The TDS certificate is then generated ...

Did our AI summary help? The Income Tax Department has introduced major changes to income-tax form numbering under the Income Tax Rules, 2026, replacing several widely used forms that were previously ...

A property seller successfully claimed a Rs 21 lakh TDS credit at ITAT Delhi after the buyer mistakenly deposited it in the ...