Hyderabad ITAT rules that TDS credit cannot be denied solely on account of sales returns. Rule 37BA misapplied when income is ...

The present appeal is preferred by the assessee. Notably, assessee has challenged the addition of Rs.54,39,870/- on account ...

Many people mix up the financial year and assessment year. For income earned in 2024-25, the assessment year will be 2025-26.

Taxpayers cannot directly download Form 16 or 16A from the TRACES portal; only deductors like employers or banks are ...

Before filing their income tax returns, individuals should carefully check Form 26AS, AIS, and TIS for accuracy.

Form 26AS provides important details about taxes deducted, collected, and deposited with the government tax authorities by ...

Taxpayers must review Form 26AS, AIS, and TIS before filing income tax returns. The Annual Information Statement (AIS) offers a detailed view of earnings, taxes, and investments, allowing taxpayers to ...

According to Anand S. Kulkarni, a practicing Chartered Accountant, “Till now, most individuals simply uploaded their Form 16 and declared a few deductions.

Relative Energy Deficiency in Sport (REDs) was first introduced in 2014 by the International Olympic Committee’s expert writing panel, identifying a syndrome of deleterious health and performance ...

The Annual Information Statement (AIS) is a comprehensive tool for taxpayers, offering a detailed view of financial transactions beyond just TDS/TCS.

Form 16 summarises salary income and TDS but excludes other incomes like interest, freelancing, capital gains, rental income, ...

While the deadline for filing Income Tax Return (ITR) for AY 2025–26 is nearing, salaried taxpayers should familiarize themselves with notable changes and procedural norms effective this year ...