Filing income tax returns could get even more easier and transparent for individual taxpayers from this assessment year. This is because the newly revamped Form 26AS—which is effective from June 1– ...

Form 26AS is essentially a tax passbook maintained by the Income Tax department. It contains details of tax deducted at source (TDS), tax collected at source (TCS), advance tax pa ...

Reporting income/assets etc. in the ITR should be matched with Annual Information Statement (AIS). As through system checks ...

Form 16 helps salaried employees file ITR as without Form 16 it is time consuming to file ITR; When can you expect to get ...

Form 26AS is a tax passbook containing details of taxes deducted and deposited during the financial year. This tax passbook will be eventually replaced by the Annual Information Statement (AIS). The ...

Form 26AS is primarily a tax credit statement reflecting taxes deducted or collected against a taxpayer’s PAN, including TDS, ...

Recent ITAT rulings clarify that presumptive taxation depends on statutory classification under the Income Tax Act. The key takeaway is that business income cannot be reclassified as professional ...

The income tax return filing season for Financial Year 2025-26 has started, and taxpayers are preparing to submit their ...

ITR: If you are a salaried individual, Form 16 is a crucial document for filing the income tax return (ITR). Employers are required to file their e-TDS return for the January–March quarter by 31 May.

ITR Filing 2024: The Income Tax return filing season has started. Along with the tax filing procedure, salaried individuals and taxpayers are also planning their taxes, and investments for this ...

Form 26AS allows you to view all the necessary information on financial transactions involving TDS/ TCS of the relevant financial year on Form 26AS. Form 26AS, also known as Tax Credit Statement, is a ...