According to the new rules, you will be able to claim your TDS refund even if you file your income tax return late.

his usually happens due to excess TDS, advance tax, or self-assessment tax. Once your return is processed by the Income Tax Department, the extra amount is credited back to your bank account.

Section 194T introduces a flat 10% TDS on partner remuneration and interest, sharply reducing monthly liquidity for small firms. The key takeaway is that blocked refunds and borrowing costs may ...

ET Wealth Reader's Query: Is it possible to file an income tax return (ITR) for a deceased family member (mother or father) ...