Verify that salary income and TDS from all employers appear correctly in Form 26AS and AIS, as employers calculate tax ...

Filing income tax returns (ITR) can often seem confusing, especially for salaried employees unsure about their income details and tax deductions. But thanks to advancements like the Digital Form 16 , ...

New Form 16 Download: If you're a salaried employee, you've likely come across Form 16 while filing your income tax return. It's a key document that serves as proof that your employer has deducted and ...

In recent months, the income tax department has issued multiple notices highlighting mismatches between filed ITRs, Form 16, ...

Taxpayers who have identified errors in their income tax returns for the 2024-25 financial year can still file a revised ITR ...

Most of the flagged cases in December involved returns where exemptions or deductions were claimed in the ITR but did not ...

This guide explains that disclosure under Schedule FA is mandatory, even for zero-income foreign accounts or unsold RSUs. Following calendar-year reporting and proper documentation helps avoid ...

As the December 31 deadline for filing income tax returns approaches, taxpayers are often confused about the difference between an updated and a revised return, and how errors or omissions could ...

People who are looking to file their ITRs for the financial year ended 2024-25 or the assessment year 2025-26 will have to file the same with the authorities on or before 31 December 2025.

The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...

Filing taxes can be a complicated process, especially for entities that fall outside the common categories of individual taxpayers. One such form that caters to these unique entities is the ITR-5 form ...