This blog sheds light on Section 194A in India, explaining why a portion of your interest income might seem to disappear before it reaches your account. We'll break down the concept of TDS (Tax Deducted at Source)

In some instances, a taxpayer might receive a refund surpassing their eligible amount. According to Section 234D of the Income Tax Act, the IT department can reclaim this surplus, accompanied by interest.

The end of the year is so close and it’s better not to wait anymore, act now! Filing your income tax return (ITR) for the financial year 2022-2023 is crucial.