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.

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 ...

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 ...

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 ...

If you are an employee drawing a salary, Form 16 is often your key form to file income tax return. Discrepancies between Form 16 and your aggregate tax credit statement, Form 26AS, can land you in ...

The Tribunal upheld reopening under Section 147 as Form 26AS reflected substantial contract receipts despite no return being filed. It ruled that such information constitutes valid grounds for belief ...

Income Tax Return E-filing AY 2023-24: Filing your ITR online on the Income Tax Portal for FY 2022-23? Form 26AS and the Annual Information Statement (AIS) along with Form 16 are important documents ...

Income tax notices are often system generated and require clarification Discrepancies in Form 26AS or AIS trigger most tax notices Notices come under different sections with varying severity If you ...

Employees should remain vigilant and preserve proof of deduction, such as salary slips, Form 16, bank statements, or ...

ITR Filing 2023: What should a taxpayer refer to while filing his/her income tax return (ITR) - Form 26AS or Annual Information Statement (AIS)? An individual was required to check Form 26AS before ...

Taxpayers get an extension until September 15th to file income tax returns for the financial year 2024-25, specifically for those not requiring audits. Accurate filing requires cross-checking income ...

As per the Income Tax Act 2025, which comes into effect from April 1, 2026, Forms 15G and 15H merged into a single unified ...