An Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...

IRS tax relief needs proper documents like income proof, expenses, bank details and tax returns. These papers help the Internal Revenue Ser...

India’s tax department has rolled out updated ITR forms for FY 2025–26, introducing tighter disclosure norms while keeping the overall stru...

If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 6...

Indian taxpayers can now easily access their financial data through the Annual Information Statement (AIS) and Taxpayer Information Summary...

Taxpayers must review Form 26AS, AIS, and TIS before filing income tax returns. The Annual Information Statement (AIS) offers a detailed vi...

GST authorities have issued notices to companies for discrepancies in input tax credit claims, prompting scrutiny of annual returns against...

Advance tax, Self-assessment tax, refund, others will not be available in Form 26AS from this year AY 2023-24 (FY 2022-23. Nonetheless, one...

In addition to other new data, AIS now contains information on interest, dividends, stock and mutual fund transactions, overseas remittance...

The Annual Information Statement (AIS) is a tool the tax department uses to let people know what information it holds on them.

The income tax department has launched a comprehensive statement called Annual Information Statement (AIS) in November 2021. This statement...

The Taxpayer Information Summary (TIS), which contains significant summaries of the taxpayer's information, is a crucial element of the AIS.

The mobile application from Income Tax Department can be accessed free of cost and is available on Google Play & App Store. It is called AI...

Many salaried individuals have to use the ITR-1 form to file their tax returns. A resident individual having total income up to Rs 50 lakh ...

The I-T department had last month expanded the list of high-value financial transactions, which would be available to taxpayers in their Fo...

The new AIS can be accessed by clicking on the link Annual Information Statement under the services tab on the new income tax e-filing port...

While form GSTR-1 is an account of details of outward supplies, GSTR-3B is where the summaries of all transactions are declared and payment...