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

An investment declaration is a provisional statement submitted by employees at the beginning of the financial year, outlining ...

Many taxpayers are still awaiting ITR refunds for FY2024-25 due to high-value claim scrutiny, CBDT Nudge campaign, incorrect ...

TCS is a 1% tax on motor vehicles over ₹10 lakh. Buyers can claim a refund when filing their annual ITR, provided they meet ...

If an employee anticipates that their claims cannot be substantiated, they should consider filing an Updated Return (ITR-U) ...

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

Did you also file your income tax return (ITR) on time, but haven't received your refund yet? If you are one of the millions ...

Income tax refund delays beyond December 31 are not uncommon, as there is no penal consequence for the department during this ...

The issue was whether SEZ deduction could be denied for alleged late filing of Form 56F. The Tribunal held that filing within the CBDT-extended deadline was valid and CPC erred in disallowance. The ...

The Revenue disallowed 80P deduction by treating FDR interest as income from surplus funds. ITAT ruled Totgars applies only to surplus funds, not to statutory reserves mandated by co-operative ...

Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...