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CBDT clarifies TDS on bank interest under Income Tax Act 2025: Key updates, thresholds and smart money moves | Explained

The Central Board of Direct Taxes (CBDT) recently issued an important clarification on the concept of Tax Deducted at Source (TDS) for bank interest. The CBDT issued the clarification ahead of the ...
Business Today

New Income Tax Act 2025 explained: 12 key tax forms changing from April 1, 2026

The new Income-tax Act, 2025, set to come into effect from April 1, 2026, will bring a major overhaul to India’s income tax compliance system. One of the biggest changes under the new framework is the ...
Mint

Income-tax returns: Form 121 replaces Form 15G, 15H — Who is eligible, where to download and how to avoid TDS, explained

The new Income-Tax Act (ITA) 2025, which came into force from last month (1 April), replaced the original Tax Deducted at Source aka TDS forms — Form 15G and 15H — with a single Form 121. Overall, the ...