How to Check TDS Status: Tax Deducted at Source (TDS) is a system in which a certain percentage of tax is deducted by the payer while making specific payments such as salary, rent, commission, or ...

The Tribunal held that an assessee is entitled to TDS credit if the tax was deducted at source, even if the employer failed to deposit it or issue Form 16. Tax authorities cannot penalize the employee ...

The Tribunal held that TDS credit cannot be restricted solely due to differences between reported turnover and Form 26AS if the assessee has correctly offered the income for tax. The appeal was ...

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 ...

The Income Tax Department has set a crucial deadline for filing TDS and TCS correction statements. Taxpayers must ensure all ...

While filing your income tax return, matching Form 16 and Form 26AS ensures there’s no under-reporting or overstating of income.(Pexel) ITR: For salaried individuals, Form 16 is a crucial document for ...

Taxpayers and deductors are advised to file correction statements promptly to ensure that tax credits are properly reflected ...

As you are set to file your income tax return (ITR) for FY 2025, you are recommended to cross check the details given on key documents which can be downloaded on income tax portal (form 26AS) and ...

As the financial year draws to a close, many salaried employees are preparing to receive their Form 16, a crucial document for filing Income Tax Returns (ITRs). Form 16, which details salary income, ...

Form 26AS: The taxpayer should download Form 26AS and confirm the actual TDS/TCS/Tax paid. If any discrepancy is observed, then suitable action should be taken to reconcile it. Ensure that other ...

Indians earning below the tax threshold may soon be able to claim TDS refunds without filing a full income tax return, thanks to a key recommendation from the Select Committee on the Income-Tax Bill, ...