Tax Deducted at Source (TDS) is a method of tax collection introduced by the Income Tax Department of India. It ensures that taxes are deducted at the point of income generation and deposited with the government. Among various forms used to file TDS Returns, Form 26Q is one of the most widely used, specifically for… Continue reading Understanding TDS Returns: Form 26Q
1. Introduction to Defective Returns A defective return is an income tax return (ITR) which has already been filed but it contains various errors or mistakes, making it non-compliant in relation to requirements stipulated under the Income Tax Act. These errors may arise due to various reasons, such as wrong information, missing data entry, or… Continue reading What is Defective Return and How to Rectify the Defects in Defective Return
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