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New form 128 introduced for zero or lower TDS: Property and other transactions to follow new rules from April

With the implementation of the Income Tax Act, 2025, taxpayers seeking relief from higher tax deductions at source (TDS) will have to follow a new process. From April 1, 2026, Form 128 will replace ...
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Now request for nil or lower TDS deduction for property and other transactions via this new form as per Income Tax Act, 2025; see what’s changed

To get relief from TDS deduction, you need to submit an application to the Income Tax Department using a specific form, and then you can get a nil or lower TDS certificate for a particular period of ...