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TAX INFORMATION SUMMARY
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. ...
ET Prime Special Series: Multibagger or IBC - Part 60: This auto ancillary built its empire on one family. Can it survive the EV test?It began life making bicycle parts in Gujarat, the changed its name and business. That created scale, stability, and growth. A single custo...
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
ET Prime Special Series: Multibagger or IBC - Part 63: This engine parts maker is now chasing aerospace, defenceSome auto ancillary stories are best understood by products. This one is best understood by buckets. The first bucket is still old auto, an...
What crypto investors need to know for tax season 2026India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including tran...
Why should these taxpayers avoid filing ITR before June 15th for AY 2026-2027Taxpayers are advised to delay filing their Income Tax Returns for AY 2026-2027 until after June 15th. This allows for the accurate updatio...
Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
12 key income tax form changes every taxpayer should know: From Form 16 to Form 168A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new fo...
ITR assessment rules change from April 2026: Four key amendments explainedFour key changes to Income Tax Return (ITR) assessment rules will be effective from April 2026 for Tax Year 2026-27. These amendments, intr...
Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
Don’t get caught out: Key documents you need for IRS Tax relief claimsIRS tax relief needs proper documents like income proof, expenses, bank details and tax returns. These papers help the Internal Revenue Ser...
ITR filing 2025: What you should know about Form 26AS, AIS and TISIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 6...
- What is Form 26AS, AIS and TIS in income tax? 8 things every taxpayer must know
How to download AIS, TIS for ITR filing FY 2024-25 (AY 2025-26)Indian taxpayers can now easily access their financial data through the Annual Information Statement (AIS) and Taxpayer Information Summary...
What is Form 26AS, AIS and TIS in income tax?Taxpayers must review Form 26AS, AIS, and TIS before filing income tax returns. The Annual Information Statement (AIS) offers a detailed vi...
GST authorities issue notices over input tax credit discrepanciesGST authorities have issued notices to companies for discrepancies in input tax credit claims, prompting scrutiny of annual returns against...
I-T dept says record 6.77 cr ITRs filed for AY 2023-24 till July 31The income tax department on Monday stated that a record 6.77 crore income tax returns for the assessment year (AY)2023-24 were filed till ...
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...
AIS shows ALL your digital financial transactions that the income tax dept knows aboutThe income tax department has launched a comprehensive statement called Annual Information Statement (AIS) in November 2021. This statement...
ITR filing: What does Taxpayer Information Summary (TIS) in Annual Information Statement contain?The Taxpayer Information Summary (TIS), which contains significant summaries of the taxpayer's information, is a crucial element of the AIS.