Finance Bill 2026 Makes CBDT Circulars Binding on TDS and TCS Deductors
Finance Bill 2026 proposes statutory backing for CBDT circulars, making them binding on taxpayers responsible for TDS and TCS. Read implications for compliance and penalties.
Tag: TDS
Finance Bill 2026: Electronic Nil or Lower TDS Certificates under Section 395
Clause 74 of Finance Bill 2026 enables electronic filing and issuance of nil or lower TDS certificates under section 395, reducing compliance burden and delays.
Finance Bill 2026: No TAN Required for Property Buyers & Certain TDS Cases
Clause 75 of Finance Bill 2026 relaxes TAN requirements under section 397. Key relief for resident individuals & HUFs buying property and other specified TDS transactions.
Finance Bill 2026: Amendments on TDS Declaration Through Depositories Explained
Finance Bill 2026 introduces section 393(6A) allowing TDS non-deduction declarations to be filed through depositories. Understand scope, eligibility, and impact.
Finance Bill 2026 Clarifies TDS on Manpower Supply and Foreign Asset Remittances
Clause 78 of the Finance Bill 2026 clarifies TDS on supply of manpower and aligns the definition of “authorised person” with FEMA for foreign asset remittances.
Finance Bill 2026: TDS-Linked Deduction Relief for Non-Life Insurance Companies
Clause 113 of the Finance Bill 2026 amends Schedule XIV to allow non-life insurers to claim deductions disallowed due to TDS defaults once tax is deducted and paid later.
Finance Bill 2026: TDS Definitions Clarified Under Section 402
Clause 78 of Finance Bill 2026 clarifies the meaning of “authorised person” and includes manpower supply within “work” for TDS purposes under the Income-tax Act, 2025.
Finance Bill 2026: TDS and TCS Guidelines Made Binding
Clause 77 of Finance Bill 2026 amends section 400 to make TDS/TCS guidelines binding on tax authorities and persons liable to deduct or collect tax.
Finance Bill 2026: TDS Changes Under Section 393 Explained
Clause 72 of the Finance Bill 2026 amends section 393 of the Income-tax Act, 2025 to exempt TDS on interest to co-operative banks, MACT compensation, and streamline declarations.
Employee Still Liable If Employer Fails to Deposit TDS: Kerala HC
Kerala High Court rules that employees remain liable for income tax if employer deducts but fails to deposit TDS with the government.