TDS payments under Challan 281 require correct selection of system-driven Nature of Payment codes. The guide explains that wrong code selection can lead to credit mismatches and compliance ...
From April 1, 2026, India’s new Income-tax Act, 2025 has replaced the decades-old 1961 law, overhauling TDS and TCS compliance with new section numbers, forms, and payment codes. CBDT clarifications ...