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Tax dept denies Rs 73 lakh TDS credit as taxpayer, being unaware, did not claim it in ITR; ITAT Mumbai gives relief to taxpayer

On November 20, 2025, the ITAT Mumbai ruled that the income tax department has both a statutory as well as constitutional duty to grant TDS credit if it appears in Form 26AS. Therefore, a taxpayer’s ...
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Deadline to claim pending TDS credit for FY 2007-08 till Q3 FY 2017-18 is March 31, 2025; do this now to file a TDS correction statement

March 31, 2025 is the deadline for filing correction statements of tax deducted at source (TDS) returns for FY 2007-08 to Q3 of FY 2018-19. This deadline is important for those individual taxpayers ...
Business Line

Economic Survey’s ‘real-time TDS’ pitch: faster credits in 26AS, better cash returns

The Economic Survey has floated an operational overhaul to improve the efficiency of government collections and potentially earn more on idle cash balances. It suggests shifting tax deducted at source ...