Income Tax Department Introduces Form No. 128 to Reduce Excess TDS Deductions
2 hours agoBusiness
28LENS
2 SourcesIndia
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Income Tax Department Introduces Form No. 128 to Reduce Excess TDS Deductions

The Income-tax Department has introduced Form No. 128 under the new Income-tax Act, 2025, allowing taxpayers to apply online for a certificate to reduce or avoid excess TDS or TCS deductions. This replaces the earlier Form 13 and aims to ease cash flow by enabling pre-approval of lower tax deduction rates. The form is optional and must be filed before income payment. An example highlights how an NRI legally reduced TDS on a property sale from Rs 12.5 lakh to zero using this provision.

Political Bias
0%100%0%
Sentiment
70%
AI analysis of 2 sources · Published under editorial oversight by The Balanced News
Analysed 28 Apr 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Political bias across 2 sources
● Left 0%● Center 100%● Right 0%

The articles present a procedural update from the Income-tax Department and a practical example without political framing. They focus on tax administration and taxpayer benefits, reflecting neutral government communication and advisory perspectives. No partisan viewpoints or political debates are evident, emphasizing factual information and taxpayer guidance.

Sentiment — Positive (70/100)

The overall tone is informative and neutral, highlighting a government initiative designed to benefit taxpayers by reducing unnecessary tax deductions. The example of the NRI's experience adds a positive illustration of the form's utility, but the coverage remains balanced without overtly positive or negative sentiment.

How 2 sources covered this story

Each source's own headline, political lean, and sentiment — so you can see framing differences at a glance.

SourceTheir headlineBiasSentiment
thefinancialexpressNRI sells Rs 1 crore property, saves Rs 12.5 lakh TDS legally -- how this form cut his tax to zeroCenterPositive
englishNew Income Tax Rules: How To Stop Extra TDS From Being Cut Using Form No. 128CenterPositive

Coverage timeline

english broke this story on 28 Apr, 05:30 am. Other outlets followed.

  1. 1
    english28 Apr, 05:30 am
    New Income Tax Rules: How To Stop Extra TDS From Being Cut Using Form No. 128
  2. 2
    thefinancialexpress28 Apr, 12:42 pm
    NRI sells Rs 1 crore property, saves Rs 12.5 lakh TDS legally -- how this form cut his tax to zero

Lens Score breakdown

28/100
Public interest0/100
Coverage gap100%

Well-covered story — coverage matches public importance.

Who's involved

Institutions and figures named across source coverage.

Government
Income-tax DepartmentIncome Tax DepartmentDirector General of Income-tax (Systems)TRACES portal

Story context

Category
Business
Location
India
Sources analysed
2
Last analysed
28 Apr 2026
Key entities
Tax deductionTata Consultancy ServicesCash flowProcedural lawFiscal yearOrmusLiquefied natural gasNational Action Party (Mexico)Indian diasporaLiquidityTax deduction at sourceTotal dissolved solids