As the July 31 deadline to file income tax returns for FY 2025-26 draws closer, many salaried taxpayers may still be awaiting ...

Experts warn that postponing ITR filing in anticipation of an extension could have financial consequences if the deadline ...

Explains why Form 16 may not reflect final tax liability, covering advance tax, Sections 234A, 234B, 234C, Section 87A rebate ...

Taxpayers should still claim the TDS credit in their ITR even if it is missing from Form 26AS or AIS, say experts. The Income ...

Waiting until the final days can prove costly if your Annual Information Statement (AIS), tax records and bank statements do ...

Form 16A vs Form 16B: Form 16 is one of the most important documents for salaried employees. However, many taxpayers are ...

ITR filing 2026: Several taxpayers assume that since banks deduct Tax Deducted at Source (TDS) on FD interest, there is no ...

As taxpayers gear up for ITR filing in AY 2026-27, understanding the consolidated Form 168 (formerly AIS and Form 26AS) is crucial. This unified document offers a comprehensive view of your financial ...

The Central Board of Direct Taxes (CBDT) recently asked banks, mutual funds and other reporting entities to ensure accurate reporting of high-value financial transactions in their Statement of ...

The Income Tax Department has enabled both the online filing facility and Excel utility for ITR-2 for Assessment Year (AY) 2026-27 on its e-filing portal, allowing eligible taxpayers to begin filing ...

Tax is a significant factor in developing the economy of a nation, and income tax is one of the mechanisms that help in the collection of taxes. Individuals and businesses pay income tax, and the ...

India’s 65-year-old tax law is gone. The new Income Tax Act 2025 is live from April 1, 2026. Here is what actually changed for salaried employees, retirees and investors. The Income Tax Act, 2025 came ...