Many salaried employees assume that if their employer is already cutting Tax Deducted at Source (TDS) every month, they do not need to file their income tax returns for the year. That assumption can ...

Employees Can Switch to the Old Tax Regime While Filing Their Income Tax Return and May Even Claim a Refund As the Income Tax ...

As the income tax return (ITR) filing season for Assessment Year (AY) 2026-27 gets underway, many taxpayers are looking for ...

With the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of ...

Taxpayers should verify that the interest credited to their savings bank accounts during the financial year matches the ...

India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings ...

Selecting the appropriate Income Tax Return (“ITR”) form is a crucial step in ensuring accurate tax compliance. Filing an incorrect ITR form may result in the return being treated as defective by the ...

A mismatch between the details in Form 26AS, the Annual Information Statement (AIS) and the figures reported in your income ...

Many salaried taxpayers are already gearing up to submit their returns, hoping to finish the process early, receive refunds ...

Apart from Form 16, other important documents that you should keep handy are Form 26AS, Annual Information Statement (AIS), ...

The ITAT found that provisions for identified legal and professional expenses represented crystallized liabilities requiring TDS deduction. The key takeaway is that only genuine contingent liabilities ...