Form 26AS is a tax credit statement that provides a comprehensive view of all tax-related transactions linked to an individual"s Permanent Account Number (PAN). It includes details such as tax ...
ITR Filing 2024: The Income Tax return filing season has started. Along with the tax filing procedure, salaried individuals and taxpayers are also planning their taxes, and investments for this ...
Form 26AS is a critical document for taxpayers while submitting their Income Tax Return (ITR). Form 26AS is a tax credit ...
Before filing your Income Tax Return (ITR), cross-verifying Form 26AS is required. It's a tax report that summarizes all tax transactions during a financial year—i.e., TDS, TCS, advance tax, and ...
Easiest Way to Check TDS Status: Tax Deducted at Source (TDS) is a system implemented by the government to collect taxes at the time of transactions. A specific percentage is deducted based on ...
When it comes to Income Tax Return (ITR) filling, many taxpayers gets confused about which form to use. Most of the taxpayers rely on Form 16 provided by the employers to file their ITR. However, in ...
Getting Form 16 from your employer makes life easier for a salaried individual when filing income tax return (ITR), according to an Economic Times article. Representational The Form 16 shows the ...
Discrepancies between Form 26AS and Form 16 can lead to an inquiry by the I-T department. IMAGE: Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy ...
If you are an employee drawing a salary, Form 16 is often your key form to file income tax return. Discrepancies between Form 16 and your aggregate tax credit statement, Form 26AS, can land you in ...
Deductions missed in Form 16 can still be claimed while filing ITR. Illustration: Uttam Ghosh/Rediff Employers will soon issue Form 16, as they are mandated to do so by June 15. Salaried individuals ...