The draft document for the updated Income Tax rules 2025, set to come into effect from 1 April this year state changed numbers for Form 16 (TDS on salary) and Form 26AS (AIS) among others. Here's all ...
ITR Filing 2023: What should a taxpayer refer to while filing his/her income tax return (ITR) - Form 26AS or Annual Information Statement (AIS)? An individual was required to check Form 26AS before ...
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 April 1, 2026. Under the proposed Income Tax Act, 2025 and Draft Income Tax ...
Form 16 becomes Form 130 and 26AS turns into 168 from April 1, 2026. Check full list of renamed income tax forms under the ...
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 ...
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 ...
What is Form 16: Form 16 is a TDS certificate that salaried taxpayers need to file their income tax return (ITR). It's an important document that proves that the government has received the tax ...
ITR filing FY 2024-25: Indian taxpayers often wonder if filing an Income Tax Return (ITR) is necessary when Tax Deducted at Source (TDS) has been deducted. Experts clarify that filing an ITR is indeed ...