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TDS CHALLAN CORRECTION
No Form 16? Here's how salaried taxpayers can file ITR using AIS and Form 26AS for FY 2025-26Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate by June 15th. ...- TDS Challan correction for Income Tax Act, 2025 needs to be done using the old TRACES portal; Here’s how to do itTaxpayers must correct TDS challans for Tax Year 2026-27 on the old TRACES portal. This is crucial if the challan was mistakenly filed unde...
- Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to doTenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...
- Income Tax Act: As the 2026 tax transition nears, taxpayers may have to navigate two legislations concurrently for next few yearsThe Income Tax Act, 2025 modernises the law while preserving continuity, ensuring that taxpayers are not forced into uncertainty during tra...
- Why taxing NRI property transactions deserve attention in the upcoming BudgetBudget 2026 Expectations: Buying property from Non-Resident Indians creates tax hurdles for buyers. Current rules demand extra registration...
- Income tax: New TDS/TCS statement correction deadline; do it now to avoid tax notice laterIncome Tax Department said that March 31, 2026 is the deadline for TDS, TCS correction statements. This applies to FY 2018-19 Q4 to FY 2023...
- TDS on Rent: How to get a refund for excess TDS deducted from house rent payments? Here’s a step-by-step guideTDS: If you are paying rent above Rs 50,000 then you need to deduct TDS at 2% rate from October 2024. But this rate of TDS was 5% earlier, ...
- Paying rent above Rs 50,000? You can be classified as assessee in default by income tax dept if you fail to deduct TDSTDS on rent: According to a Income Tax Department brochure, Form 16C is a TDS certificate issued by a tenant to a landlord for rent payment...
- Got tax notice to pay additional tax? Your TDS claim rejection could be the reason; know when it can happenTax Deducted at Source (TDS): Your tax liability will increase if the tax department disallows your TDS credit claim. Now a TDS credit clai...
- Made mistake in income tax challan? Now you can rectify these errors online through the e-filing portal, here's howITR tax mistake: Now you can make corrections in the income tax challan online if you satisfy certain conditions. This challan correction f...
- Got Form 16 from your employer? Check these points before filing ITRForm 16 has all the essential information to file your income tax return easily. It's crucial to double-check that the information in Form ...
- Is AIS not showing income tax paid while filing ITR? This is where you need to checkAnnual Information Statement (AIS) is an important document because many tax filers reconcile their own data with AIS. However do note that...
- Is your advance tax, self-assessment tax details missing from ITR forms? Here’s what you can doAdvance tax, Self-assessment tax, refund, others will not be available in Form 26AS from this year AY 2023-24 (FY 2022-23. Nonetheless, one...
- ITR filing: How to get errors in Form 26AS correctedForm 26AS is one of the important documents required for ITR filing. It is a tax passbook containing details of the taxes that have been de...
- How to fill 'Tax Details' section in ITR1The 'Tax Details' tab shows all the details of the tax deducted, collected, and deposited with the government against your PAN.
- How to correct mistakes made at the time of paying income taxWhile depositing self-assessment tax or advance tax during the year, you may have selected the wrong assessment year which could lead to a ...
- How to pay taxes online and offlineYou are required to calculate your tax liability on income earned in the previous FY and deposit any balance tax payable as self-assessment...
- Cut TDS from June 1 if paying rent over Rs 50,000 per month: Here's how to do itThe general thinking among people is that this process would just add to the overall complexity in the existing tax structure.
- TRACES: Know all about online rectification of TDS returnTDS Reconciliation Analysis and Correction Enabling System (TRACES) of Income Tax Department allows online correction of already filed TDS ...
- I-T assessees stumped by adjustment notice of tax arrears with refund amountThose who never received the intimations in the first place are bound to feel aggrieved about the new demand for arrears or adjustment agai...
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