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 ...
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 ...
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What Is Form 26AS & Why Should You Check It? Your PAN’s Tax Report Could Save You From Trouble
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 ...
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 held that TDS credit cannot be denied merely because it does not appear under the assessee’s PAN. It ruled that the assessee cannot be forced to ensure revision of TDS returns by the ...
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 ...
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 ...
The Income Tax Department has extended the last date for filing income tax returns (ITR) from July 31, 2025, to September 15, 2025, for FY 2024-25 (AY 2025-26). With the extended deadline, certain ...
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 ...
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 ...
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