Updated: 16 October 2026 | Assessment Year 2026–27 September is usually a busy month for business owners and accountants, but the extended tax audit deadline 2026 has carried the workload into October. If your business requires a tax audit, check the revised due date and complete any pending work in time. For taxpayers covered by CBDT Circular No. 07/2026, the extended audit report deadline is 21 October 2026, while the related income tax return deadline is 21 November 2026.

This TDS rate chart 2026-27 compares the old and new section codes in simple terms, so students and businesses can find the provision relevant to each payment. From 1 April 2026, TDS provisions are governed by the Income-tax Act, 2025. Many separate sections from the Income-tax Act, 1961 are presented in tables under the new Act. This guide helps you find the corresponding provision and understand the basic rate. First, what is TDS? TDS means Tax Deducted at Source. In certai

Applicability of Section 194A - TDS on Interest (Other than Securities): TDS applicable on interest (other than on securities) paid to...

The Finance Act, 2020 brought significant changes to the taxation of dividend income by amending Section 194 of the Income Tax Act,...

TDS on Interest on Securities TDS (Tax Deducted at Source) is applicable when interest is paid on securities like government bonds,...

Section 192A of the Income Tax Act, 1961, regulates TDS on EPF Premature Withdrawals to ensure tax compliance on early withdrawals while...

In our previous article Tax Deducted at Source (TDS) under the Income Tax Act, we explored how TDS functions as a mechanism where tax is deducted at the time of making specified payments. The deducted tax is then deposited with the Central Government on behalf of the recipient. The Income Tax Act prescribes different TDS rates for various types of payments, including salaries, interest, professional fees, rent, and commissions. These rates may be revised periodically based on

Tax Deducted at Source (TDS) is a system designed to collect tax directly at the point of income generation. It requires a person,...