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

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 AICPA Accounting and Review Services Committee approved an update to SSARS No. 21, clarifying that practitioners are not ...

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

Companies often include disclosure statements in reports that protect them if their financial forecasts change due to economic conditions. Disclosure is the process of making facts or information ...

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 ...

Taxpayers often need to check their TDS status. In such a situation, they can easily check TDS from home. Under TDS, the government keeps some percentage of the money with itself. This tax is ...

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

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, ...

The income tax department gathered data from various sources like AIS, TDS/TCS statements, statements of financial transactions (SFT), etc and analysed it. Once the analysis was done, the data was ...

It is always advisable for taxpayers to file their ITRs at the earliest to avoid last-minute rushes, which may lead to errors ...