Partnership firms face a new reality as they are now required to calculate TDS on payments to partners exceeding ₹20,000.
The income tax department will check and match your current income tax return filed with the previous year's ITR from next ...
On 13 February, finance minister Nirmala Sitharaman introduced the much-awaited bill to replace the existing Income-Tax Act ... Information Return, Form 26AS, and the Statement of Financial ...
Principle of Substantial Justice V/s Technical Consideration – Not Condoning Delay Would Amount to Legalising an Illegal ...
Chokalingam Srinivasan filed a writ petition with the Madras High Court, challenging an assessment order from the Deputy State Tax Officer I, citing a violation of natural justice principles. The ...
Tax Deducted at Source (TDS) is a system implemented by the government to collect taxes at the time of transactions. A ...
From April 1, 2025, the new income tax return filing ... the Form 26AS, and the Annual Information Statement (AIS), which collectively provide a comprehensive view of the individual's financial ...
Form 26AS – This consolidated tax statement available on the income tax department’s portal provides details of TDS credited to your PAN. Annual Information Statement (AIS) – Offers a detailed view of ...
As FY25 is coming to an end, taxpayers need to finalise investments if opting for old tax regime, adjust TDS, pay advance tax ...