Fact-check notes
Last fact-checked: 2026-06-04
AY 2026-27 return filing for FY 2025-26 is governed by the Income-tax Act, 1961. The Income-tax Act, 2025 applies from Tax Year 2026-27 onward, so new-section references must be checked against the live portal before filing.
This page is preparation guidance for scoping work on WorkIndex. Ask the expert to verify active law, portal forms, notifications and your documents before filing or signing anything.
What this covers
TDS vs Advance Tax Comparison helps deductors and taxpayers understand what to verify before payment, return filing or correction.
- TDS is deducted by payer from specified payments; advance tax is paid by taxpayer based on estimated total tax liability.
- A taxpayer may need advance tax even if some TDS is deducted.
- AIS/Form 26AS reconciliation helps avoid underpayment and interest.
- For Tax Year 2026-27 onward, check new Act references on the portal.
Who this is for
- Business deducting TDS.
- Taxpayer reconciling Form 26AS/AIS.
- Finance team preparing quarterly return.
- Person receiving notice or default.
Documents and details to prepare
- PAN/TAN and deductor profile.
- Agreement, invoice and payment dates.
- Challan, return and certificate status.
- Lower/nil certificate or exemption proof if any.
Common mistakes to avoid
- Wrong section or assessment year.
- Deducting after payment deadline.
- Invalid PAN or certificate data.
- No reconciliation before filing return.
How to brief the expert
- Mention the city, entity type, transaction value, deadline and current portal status.
- Upload or list the records available so the expert can quote accurately.
- Ask for scope, deliverables, timeline, assumptions and government fee exclusions in writing.
- Keep acknowledgements, challans, filings, certificates and advice notes after completion.
FAQs
Can WorkIndex help with this?
Yes. Post your requirement and compare relevant experts by scope, quote, timeline and supporting documents needed.
Is this page legal or tax advice?
No. It is a preparation guide. Your expert should verify current law, portal forms, notifications and your documents before filing or signing.
What should I include in my post?
Include the city, year or period, entity type, deadline, notices if any, documents available and whether you need filing, review, drafting or ongoing support.