Tax Deducted at Source (TDS) is the tax deducted by the payer before they make certain payments. These include salaries, bank interest, or rent, to the payee. Sometimes, due to miscalculated ...

Income Tax laws mandate disclosing the sale of assets in India by NRIs in the ITR, even if the applicable taxes have been paid through TDS. (Image: Pixabay) When a young Mumbai-based couple bought an ...

In a move aimed at simplifying the income tax return process, the Income Tax Department has announced the launch of Digital Form 16, an electronic version of the traditional Form 16. This initiative ...

ITR: If you are a salaried individual, Form 16 is a crucial document for filing the income tax return (ITR). Employers are required to file their e-TDS return for the January–March quarter by 31 May.

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 ...

Did you ever face the situation where the bank or employer or others deducted the correct amount of TDS but somehow it failed ...