TDS and TCS returns may be furnished physically or electronically depending on status of the deductor. Any person or entity, while making specified payments to another person (third party), needs to ...

TAN requirement removed and PAN-based challan introduced for resident buyers purchasing property from non-residents, easing compliance ...

Challan is a form that is used to pay taxes to the government. The authorized banks receive the tax paid through a challan before it is deposited with the Income Tax department. Payments made with ...

An employer issues this Form. It contains the evidence of TDS which is deducted from your salary and deposited with authorities. Issued annually on or before June 15 of every year, the Form contains ...

In case of mismatch between Form 16 and Form 26AS, request your employer to issue new Form 16, reflecting the correct details of TDS. However, TDS is only provisional tax. The final tax liability is ...

Tax deducted at source (TDS) is the practice of reducing tax evasion and spillage by making it mandatory to deduct TDS from payments at pre-defined rates. Whether your employer pays you salary, or ...

New Delhi: December is a crucial month for taxpayers as it marks the final stretch for several important financial and tax-related deadlines. From filing belated or revised income tax returns to ...

If you are claiming a House Rent Allowance (HRA) exemption in your tax returns but haven't deducted and paid the required Tax Deducted at Source (TDS) on your rent, you might receive a notice from the ...