The Tribunal ruled that TDS credit can be granted even if not fully reflected in Form 26AS, subject to verification. The deductee should not be penalized for the deductor’s failure to deposit ...

In a significant relief for taxpayers, the Income Tax Appellate Tribunal (ITAT) Mumbai has quashed a Rs 1 crore tax demand raised solely due to a TDS mismatch in Form 26AS, reaffirming that Section ...

The draft document for the updated Income Tax rules 2025, set to come into effect from 1 April this year state changed ...

New Delhi: From April 1, 2026, several familiar income tax forms will get new numbers. This change will happen because the Income-tax Act, 2025 and the Draft Income-tax Rules, 2026 will come into ...

The Economic Survey has floated an operational overhaul to improve the efficiency of government collections and potentially earn more on idle cash balances. It suggests shifting tax deducted at source ...

As the last date to file income tax return (ITR) looms closer, tax payers are busy arranging the documents in time to avoid breaching the July 31 deadline. The key documents that are needed to file an ...

Major changes are on the horizon for taxpayers as the government prepares to implement the new income tax framework from ...

One of the biggest changes is the renumbering of several commonly used tax documents, including salary and tax-credit statements used by millions of taxpayers.

Switching jobs in a year leads to multiple Form 16s for tax filing. Combine salary and TDS from all Form 16s for accurate ITR filing. If Form 16 is missing, use salary slips and Form 26AS/AIS to file ...

Budget 2026 introduces electronic system for lower or nil TDS certificates from 1 April 2026, impacting cash flow, MSMEs and compliance ...