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.
Before filing your Income Tax Return (ITR), cross-verifying Form 26AS is required. It's a tax report that summarizes all tax transactions during a financial year—i.e., TDS, TCS, advance tax, and ...
Taxpayers facing refund delays due to TDS mismatches in Form 26AS have a reason to cheer. A recent Allahabad High Court ruling mandates tax authorities to accept taxpayer-provided TDS documentation, ...
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 ...
Form 26AS is a tax credit statement that provides a comprehensive view of all tax-related transactions linked to an individual"s Permanent Account Number (PAN). It includes details such as tax ...
Form 26AS is a tax passbook linked to your PAN (Permanent Account Number). It is issued by the Income Tax Department and shows a detailed summary of the taxes deducted from your income by others, such ...
Form 26AS provides important details about taxes deducted, collected, and deposited with the government tax authorities by authorised deductors and collectors. On that note, check out the 10 crucial ...
Filing your Income Tax Return (ITR) without Form 16 can be daunting, but it's manageable with the right guidance. This article provides a step-by-step approach to collecting essential documents such ...
The income tax department will deny TDS credit and flag your ITR if it detects discrepancies between the TDS information reported in your return and that provided by the deductor. Ensuring accurate ...
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Received notice to pay additional tax? How a TDS claim rejection can lead to extra payments
NEW DELHI: The income tax department will deny tax deducted at source (TDS) credit and flag your income tax return (ITR) if it detects any discrepancies between the TDS information reported in the ITR ...
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