Dividend TDS is not necessarily the final tax liability. The 10% deducted can be claimed as credit, with excess refunded or additional tax payable based on total income.

Dividend TDS is not necessarily the final tax liability. The 10% deducted can be claimed as credit, with excess refunded or additional tax payable based on total income.

Taxpayers liable to pay advance tax must ensure that 45% of their estimated annual liability has been paid cumulatively by September 15 to avoid interest.

Any taxpayer whose estimated tax liability for a financial year, after accounting for TDS/TCS, exceeds Rs 10,000, has to pay advance tax.

Taxpayers earning income from salary along with FD interest, capital gains, stocks or other sources may need to pay advance tax if their net tax liability after TDS and TCS exceeds Rs 10,000.

These concerns are particularly relevant for businesses in the infrastructure, real estate, power and EPC sectors, where guarantees run for several years over the duration of the project and involve substantial amounts.

Taxpayers subject to a tax audit must submit their audit report by Sept. 30 and file their ITR by Oct. 31 for Assessment Year 2026-27.

The missing money can affect your EPF balance, the interest you earn and, in some cases, it can affect both your retirement savings and pension benefits.

August 31 is the deadline for eligible taxpayers to file ITRs for AY 2026-27. Know the consequences of missing the deadline and the common mistakes to avoid while filing ITR-3 or ITR-4.

In non-audit cases, the GST registration does not determine the ITR form that must be filled by taxpayers with business or professional income.

Taxpayers seeking to rectify earlier omissions currently have two routes: file an Updated Income-tax Return (ITR-U) or use the Foreign Assets of Small Taxpayers - Disclosure Scheme, 2026 (FAST-DS).

The July 31, 2026 deadline applied to salaried individuals and those eligible to file ITR-1 or ITR-2, while several other taxpayer groups now have important filing dates approaching.

You may have submitted ITR-1 or ITR-2 in haste, only to realise later that your tax return also included intraday trading, F&O losses or income from freelance consulting. Such income can call for ITR-3 or ITR-4 instead.