Income-tax Act 2025 transition
10 common TDS questions on income-tax act 2025 transition, answered by a CA firm and kept current for FY 2026-27.
What changed for TDS under the Income-tax Act 2025?
The Act renumbers TDS provisions — salary TDS is Section 392 and most other TDS sits under Section 393 with numeric payment codes — and rena…
My challan and return now ask for a 'payment code' — what is it?
It is the numeric code (1001–1067) under Section 393 that identifies the nature of the payment, replacing reliance on the old section number…
Are the old 194-series section numbers gone now?
They no longer appear on challans and returns, but they remain useful shorthand for the nature of payment; the legal reference is now Sectio…
Form 15G/15H is now Form 121 — what changed?
From 1 April 2026 the two forms are merged into a single Form 121, usable by any resident of any age whose estimated tax for the year is nil…
Form 26AS is now Form 168 — where do I see my TDS credit?
Your consolidated tax credit statement is now called Form 168; view and download it from the income-tax e-filing portal, just like 26AS.…
For Q4 of FY 2025-26, do I use the old forms or the new ones?
Use the old forms and section references for all periods up to 31 March 2026; the new Act-2025 forms and codes apply from 1 April 2026.…
Were Sections 206AB and 206CCA (higher TDS for non-filers) removed?
Yes — the higher TDS/TCS for ITR non-filers under 206AB and 206CCA was withdrawn from 1 April 2025, so no non-filer declaration is needed an…
Was TCS on sale of goods (Section 206C(1H)) removed?
Yes — TCS on sale of goods over ₹50 lakh was withdrawn from 1 April 2025; only the buyer's TDS under Section 194Q now applies.…
What are Forms 138, 140 and 144, and which old forms do they replace?
Form 138 replaces 24Q (salary), Form 140 replaces 26Q (non-salary resident), and Form 144 replaces 27Q (non-resident).…
Do I need to do anything differently from 1 April 2026?
Use the new section/code references on challans and returns, the renamed forms, and update your templates — your rates, thresholds and due d…
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