TDS payments under Challan 281 require correct selection of system-driven Nature of Payment codes. The guide explains that wrong code selection can lead to credit mismatches and compliance ...
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Unified Form 121 replaces 15G, 15H as TDS shield
India’s new Income-tax Act, 2025 has replaced Forms 15G and 15H with a single Form 121 for TDS exemption claims, effective April 2026. The form allows eligible resident individuals and HUFs with nil ...
Key dates include May 7 for depositing TDS/TCS for April and filing declarations under the Income-tax Act, May 15 for issuing ...
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