TDS Reconciliation Analysis and Correction Enabling System (TRACES) has implemented a new procedure for Nil TDS return filing with the fiscal year 2014-15. This is applicable to taxpayers who did not deduct any taxes during the applicable quarter. In this system, the deductor is required to state the reason for not filing a TDS return for a specific quarter.

In India, E-invoice is a process of generating and exchanging invoices electronically between businesses and the government

The DRC-03 form is used to submit voluntary tax payments as specified by the nation’s GST law

Major changes in ITR for F.Y. 2022-23