Tax Deducted at Source (TDS) is a system implemented by the government to collect taxes at the time of transactions. A ...

ITAT Mumbai held that change of method of accounting from mercantile to cash system for recording interest income on loan due to financial distress at the end of borrower is justifiable and legitimate ...

The new Income Tax Bill 2025 only simplifies, consolidates, updates and sheds what’s redundant in the existing tax law to ...

the Form 26AS, and the Annual Information Statement (AIS), which collectively provide a comprehensive view of the individual's financial activities. What if you don't receive your Form 16 ...

The Income-Tax Bill, 2025, grants tax authorities extensive powers to search digital spaces for tax evasion. Concerns arise over data privacy, potential misuse, and lack of safeguards for taxpayers' ...

No Capital Gains When Assessee Is Only Legal Joint Owner & Not Beneficial Owner. Assessee is an individual who did not file the ret ...

You can monitor your refund status through: Access through the Income Tax portal by selecting 'View Form 26AS' under the 'e-File' tab. You'll be redirected to TRACES to view your tax credit statement.

As FY25 is coming to an end, taxpayers need to finalise investments if opting for old tax regime, adjust TDS, pay advance tax ...

Form 16 is a certificate provided by an employer to employees, which includes the details of the employee’s salary and the tax deducted at source (TDS) throughout the financial year. In simple words, ...