The deadline for filing the Income Tax Return (ITR) is fast approaching, thus, explaining the vulnerability to making mistakes while rushing through important details about income and its various ...

The case involved a taxpayer with income exceeding Rs 20 crore and TDS claims of over Rs 4.8 crore. However, the Central ...

Deductions missed in Form 16 can still be claimed while filing ITR. Illustration: Uttam Ghosh/Rediff Employers will soon issue Form 16, as they are mandated to do so by June 15. Salaried individuals ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Over the past few years, the tax ...

A company's right to TDS credit was upheld despite the tax being erroneously reported under its former firm's PAN and not in ...

While filing your income tax return, matching Form 16 and Form 26AS ensures there’s no under-reporting or overstating of income.(Pexel) ITR: For salaried individuals, Form 16 is a crucial document for ...

Currently, the TDS framework is riddled with challenges — wrong deductions, frequent mismatches, and endless reconciliation during tax filing. These errors often result in frustration for both ...

A Mumbai taxpayer successfully challenged a Rs 1 crore tax demand at ITAT Mumbai after Form 26AS failed to reflect TDS credit ...

As the financial year draws to a close, many salaried employees are preparing to receive their Form 16, a crucial document for filing Income Tax Returns (ITRs). Form 16, which details salary income, ...

Organise your PAN, Form 16, Form 26AS, AIS, and all other proofs before e-filing. Kindly note that this illustration generated using Microsoft CoPilot has only been posted for representational ...

Form 16 Part A: Details of the TDS that is collected and deposited every quart, as well as the employer's PAN and TAN, are provided in Part A of Form 16. Taxpayers also need to keep their bank ...

The most important precaution is to submit the income return by the deadline. Filing a belated return is a habit that taxpayers should refrain doing. Delays in filing income or loss returns (apart ...