Applying for a TAN (Tax Deduction and Collection Account Number) is a crucial step for any individual or entity that is responsible for deducting or collecting tax at source in India. Issued by the Income Tax Department, TAN is mandatory for filing TDS/TCS returns and ensures that tax deductions are properly tracked and credited.

The Union Budget 2025 has introduced significant changes to the income tax slabs under the new tax regime. Here's a breakdown of the new...

Deductor would face the following consequences if he fails to deduct TDS or after deducting the same fails to deposit it to the credit of CG