New Form 141 introduced for TDS filing: 4 existing forms merged into one challan-cum-statement – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/new-form-141-introduced-for-tds-filing-4-existing-forms-merged-into-one-challan-cum-statement/articleshow/130251413.cms New Form 141 introduced for TDS filing The Income Tax (I-T) Department has introduced Form No. 141, a new consolidated challan-cum-statement that replaces

BL Editorial on exchange rate [1] Indian unit was already a worst performing Asian currency in 2025 [2] depreciation of over 8% over the past 8 months [3] Real effective exchange rate was at its lowest level in 12 years this February [4] RBI’s move to limit net open positions in rupee derivatives held by banks in the onshore market to just $100 million– had its effect [5] Now — the RBI must reverse the directive once the currency stabilises — Courtesy BusinessLine

The writer narrates experience of Mr.X — whose father had died leaving behind mutual fund units and a flat in Mumbai Housing Society.[2] While X could get credit for  units in less than 48 hours, Housing Society treated him [ and his brother who together with Mr X — were joint nominees ] as provisional members.[3] They couldn’t deal with the flat without a court order. [4] Very detailed study of the issues involved. [5] If short on time, please read the marked portion– Courtesy BS

Sold property for Rs 94 lakh but lost Rs 21 lakh TDS due to buyer’s error; How Form 71 helped seller win relief from ITAT Delhi – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/sold-property-for-rs-94-lakh-but-lost-rs-21-lakh-tds-due-to-buyers-error-how-form-71-helped-seller-win-relief-from-itat-delhi/articleshow/130191667.cms Buyer deposited Rs 21 lakh property TDS in wrong year; ITAT Delhi allows seller’s Form 71 and grants tax credit (AI generated representative

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