TDS Salahkar - TDS Returns Made Easy

28/09/2026

The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income for Assessment Year 2026-27 in the case of persons mentioned at S. No. 2 in the Table below Explanation 2 to sub-section (1) of section 139 of the Income-tax Act, 1961 from 31st October, 2026 to 21st November, 2026.

Accordingly, the 'specified date' for furnishing of the report of audit under the provisions of the Income-tax Act, 1961 for Assessment Year 2026-27, in the case of such persons, stands extended to 21st October, 2026

Press Release Issued.

15/08/2026

15/08/2026

27/07/2026

*CBDT Notifies ITR-BN for Block Assessment*

Notification No. 97/2026 | Dated: 24 July 2026

CBDT has notified a new Income Tax Return Form – ITR-BN through the Income-tax (Third Amendment) Rules, 2026.

*Key TaxWise Highlights*

1. New ITR-BN introduced for Block Assessment under the Income-tax Act, 2025.
2. Applicable to Search (Section 247) and Requisition (Section 248) cases.
3. Applicable where search/requisition is initiated on or after 1 April 2026.
4. The form requires:
- Search & block period details
- Previous return details
- Head-wise income
- Year-wise undisclosed income
- Block assessment computation
5. Although notified on 24 July 2026, the amendment is effective from 1 April 2026.

22/05/2026

Capital Gain Tax on Property — Is 12.5% Really Cheaper?

After the Finance Act changes, many people assume that 12.5% LTCG tax without indexation is always beneficial.

But the reality is — it depends on the numbers. 👇
🏠 Example:
➡️ Property bought in 2020 for ₹1 Crore
➡️ Sold in 2026 for ₹2 Crores
➡️ Total Gain = ₹1 Crore

Now compare both options 👇
✅ With Indexation (20% Tax)
Indexed cost increases because of inflation adjustment.
Taxable gain reduces significantly.
Approx. Tax = ₹16.89 Lakhs

✅ Without Indexation (12.5% Tax)
No inflation adjustment benefit.
Tax applies directly on actual gain.
Approx. Tax = ₹12.50 Lakhs

📌 In this case, 12.5% without indexation is better.
But in properties held for very long periods or during high inflation years, indexation may still save more tax.

💡 Key Takeaway:
Never assume lower tax rate = lower tax liability.
Always compare both calculations before finalising your tax planning.

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01/05/2026

19/04/2026

Under section 54F

19/02/2026

On the birth anniversary of Chhatrapati Shivaji Maharaj, we remember a king who built courage in people before he built forts. He taught that self respect is the first step towards freedom. May his life continue to guide us to stand firm in truth, protect the weak and lead with fearless responsibility everyday. 🚩

06/01/2026