Form 121 replaces Form 15G, 15H for TDS filing: Check who should file, purpose and key details explainedForm 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare i...
04 Apr, 2026, 02.26 PM IST
Property buyer deposited TDS in wrong year? How Form 71 can help sellers claim credit and rectify the error within 2 yearsProperty sellers can now fix TDS credit mistakes. If a buyer incorrectly deposited TDS, sellers can file Form 71 within two years. This for...
19 Mar, 2026, 12.55 PM IST
Tax dept denies Rs 73 lakh TDS credit as taxpayer being unaware did not claim it in ITR; ITAT Mumbai gives relief to taxpayerThe Income Tax Appellate Tribunal Mumbai has ruled in favour of a taxpayer. The tribunal stated that the tax department must provide TDS cr...
02 Feb, 2026, 07.12 AM IST
Many property sellers have to pay 3.5 times more TDS and TCS due to issues with Income Tax TDS, TCS rules; Five such I-T rules need overhaulIncome Tax on property: There is a problem with the Income Tax law due to which in immovable property sale cases, Taxpayers especially NRIs...
08 Oct, 2025, 01.42 PM IST
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...
09 Sep, 2025, 10.34 AM IST
NRI wins capital gains tax case in Delhi High Court regarding sale of Rs 2 crore property despite Rs 46 lakh tax demand noticeAn NRI faced tax issues after a property sale in Pune for Rs 2 crore. The buyer used the wrong TDS form (26QB), causing problems. The Incom...
14 Jun, 2025, 01.28 PM IST
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...
03 Oct, 2024, 10.30 AM IST
Got income tax demand notice due to errors in Form 26AS, AIS like TCS employees? How taxpayers can respond to itTax notice, errors in Form 26AS: Around 40,000 TCS employees recently got a tax demand notice due to an error in the TDS amount shown in Fo...
13 Sep, 2024, 02.04 PM IST
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 ...
01 Jul, 2024, 11.25 AM IST
File ITR using Form 26AS, AIS without Form 16, TDS certificates to beat deadline: Here's howTDS certificates such as Form 16/Form 16A are important documents that can help an individual to file ITR easily. However, with the deadlin...
31 Jul, 2023, 12.17 PM IST
Form 26AS or AIS: Which is more important document to file ITR?The first step in the income tax return filing process is to gather all the required documents. This include - Form 16, Salary slips, Form ...
31 Jul, 2023, 12.16 PM IST
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...
16 Jun, 2023, 02.22 PM IST
How to get errors in your Form 26AS correctedAn incorrect entry especially with regards to PAN or an amount in the Form 26AS may lead to unnecessary delays in filing the ITR.
27 Aug, 2018, 03.09 PM IST
Budget 2016: Minimising administrative challenges faced by individual taxpayersVarious factors such as ambiguity in tax laws, cumbersome compliance requirements, aggressive tax assessments, etc. could be the potential ...
24 Feb, 2016, 11.08 AM IST
Five tax filing mistakes to avoid this yearAs the 31 July deadline approaches to file your returns, here's how to ensure you don't commit errors and receive a tax notice.
08 Jul, 2013, 12.13 PM IST
- Know how to reconciliate TDS
There are incomes, such as salary, and interest from bonds and fixed deposits, on which tax is deducted by the payer of income.
22 Aug, 2011, 12.36 AM IST
- Check if tax deducted from your income has been considered as paid by IT department
To ensure that you get credit for the tax deducted from your income, find out if it has been credited to your name and correct PAN number.
25 Apr, 2011, 03.09 AM IST