A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will ...
The new Income-Tax Act 2025 replaced the original Tax Deducted at Source forms — Form 15G and 15H — with a single Form 121, ...
Check important due dates for TDS returns, TCS certificates, Form 24G, advance tax, and other tax compliances under ITA 2025.
The new form consolidates multiple income disclosures into one, enabling accurate TDS deduction. Key takeaway: unified ...
The erstwhile Forms 15G and 15H have been replaced by a new, comprehensive four-page TDS declaration form 121. You cannot ...
The Income-Tax (I-T) Department has launched its revamped and upgraded TDS Reconciliation Analysis and Correction Enabling System website i.e. TRACES portal aimed at providing single window access to ...
From April 1, 2026, a host of income tax changes will come into effect under the new Income Tax Act, 2025. Among these, the introduction of Form 121 stands out as a key reform for senior citizens, ...
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New Form 121 replaces 15G, 15H for TDS exemption
India’s Income-Tax Act 2025 has replaced Forms 15G and 15H with a unified Form 121 from April 1, 2026, for TDS exemption declarations. The single form removes age-based distinctions, supports digital ...
Starting 1 April 2026, several major changes will come into force under India’s new tax framework. Form 130 will replace Form 16 as the primary TDS certificate for senior citizens and salaried ...
(MENAFN- IANS) New Delhi, April 14 (IANS) The Income Tax Department has introduced Form 141, a consolidated challan‐cum‐statement that replaces four separate TDS forms for different types of ...
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