The AO passed a rectification order while the core section 50C addition was pending fresh adjudication. ITAT ruled that such parallel adjudication leads to inconsistency and must be ...

The assessee explained that income and TDS were recognized in different financial years. ITAT restored the matter for limited verification and barred automatic ...

'Don't wait until the last minute. Instead, cultivate the habit of monitoring your Form 26AS throughout the year.' Illustration: Uttam Ghosh/Rediff.com Before a taxpayer files his Income-Tax Return ...

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 ...

Form-26AS displays various taxes that are deducted on your income by your employer, bank or your tenant. Form-26AS displays various taxes that are deducted on your income by your employer, bank or ...

The last date to file income tax return for financial year 2016-17 is July 31. Usually, for many salaried employees, the first thing that comes to mind is Form 16 that is issued by employers. But ...

Income tax is deducted at source from your salary and on interest accruing on investments such as fixed deposits. Have you ever wondered how much tax you have paid in aggregate to the government for ...

It is an important document required while filing taxes. The form is linked with your PAN, and it is a consolidated record of all the information related to tax. The taxpayers should verify the ...

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 ...

This new form will help the taxpayer in filing his returns by reminding all high-value financial transactions at one place, resulting in lessor errors/omissions while filing income tax returns. In a ...