LatestAccounting And Audit 2 October 2026
New TDS Rules for Contractors FY 2026‑27 Unveiled
The latest Tax Deducted at Source (TDS) framework for FY 2026‑27 introduces updated contractor rates, higher deduction limits and stricter compliance timelines. Missing the September 30 filing deadline triggers penalties, and the tax audit deadline is set for assessment year 2026‑27. The guide offers examples and steps to ensure full adherence.
Key updates for FY 2026‑27
- Revised TDS rates for contractors (see detailed schedule).
- Increased deduction limits and new exemption thresholds.
- Filing deadline moved to September 30; late submissions incur penalties.
- Tax audit deadline aligns with assessment year 2026‑27.
For full details and compliance examples, refer to the CACLUBIndia guide.
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