Neutral impactEconomy
Lower or nil TDS certificate to go online; rules being framed by Income Tax dept : MoS Finance
BusinessLine 1 hr ago·10 Aug 2026, 8:26 am
The Finance Ministry has announced that the Income Tax Department is working on a new system to issue Tax Deducted at Source (TDS) certificates. This move aims to make the process more efficient by allowing taxpayers to apply for these certificates online. The department plans to use existing data from the Income Tax Information System (AIS), Tax Information System (TIS), and Form 26AS to process these applications automatically.
This change is significant for investors and taxpayers as it will reduce the time and effort required to obtain these essential documents. Currently, the process can be manual and time-consuming. By digitizing and streamlining this workflow, the government hopes to improve compliance and ease of doing business. Investors will benefit from quicker access to their financial records, which is crucial for filing returns and managing investments.
Investors should monitor the official updates from the Income Tax Department regarding the timeline for this new system. Once implemented, it will likely simplify the process of tracking and managing TDS certificates, ensuring greater transparency in tax filings. This development reflects the broader trend of digitizing government services to enhance efficiency for the public.
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