VIEW |New Income Tax Bill: A deep dive into the reforms
The much-awaited Income-tax Bill, 2025 (Bill) which is proposed to be effective from April 1, 2026, has been laid before the ...
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Check Your TDS Status from Home Using Your PAN Card – A Step-by-Step Guide
Keeping track of your Tax Deducted at Source (TDS) has never been easier. If you want to check your TDS status online, this ...
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New Income Tax Bill: What taxpayers want from Modi government’s latest Income Tax Act - KPMG survey reveals
New Income Tax Bill: The government announced in July 2024 its intention ... 87% supported eliminating mandatory TDS ...
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No Of Nil Tax Returns Nearly Doubles In 5 Years
In fact, in the last five years, the number of nil returns has increased each year. As per the data, the number of nil ...
I-T return filings rise nearly 4% to 83.9 million in FY25: Govt data
To include more taxpayers within the income tax framework, the scope of Tax Deducted at Source (TDS) and Tax Collected at ...
Tax Guru12d
Matter remanded for unexplained Cash Deposit ₹49.50 Lakh for verification
Conclusion: Addition against unexplained cash deposit of ₹49.50 lakh was remanded back to AO for verification if the deposits were from business activities, the addition under Section 69A could not ...
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Received an SMS on TDS from Income Tax dept? Here’s what you need to know
T Department's SMS to salaried taxpayers is meant to provide clarity on TDS deductions. However, some individuals may have misinterpreted the message and are wondering if they owe additional taxes.
The Indian Express18d
With zero tax upto Rs 12 lakh, you will take home the same as someone with income of Rs 12.71 lakh. Here’s why
The announcement of Nil tax for those with taxable income of up to Rs 12 lakh has brought cheer to all who fall in that category. However, many who are marginally above that ceiling will end up taking ...
Indiatimes19d
Will 'Lakshmi' bless taxpayers? High expectations of income tax relief for poor, middle class in Budget 2025 today
the government may merge the old and new tax regimes and bring down the income tax rates. The current two regimes make it difficult for the taxpayer to ascertain a better tax regime for them. Salaried ...
Indiatimes20d
Budget 2025 income tax: Raise 30% income tax slab; provide flat 30% deductions on gross income - here’s why
Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...
Vanguard21d
10 Essential Documents for Filing Returns Without Form 16
the Income Tax Department calls them for verification purposes. Use this document to cross-check all income and transactions recorded in AIS with your bank statements, Form 26AS, and personal records.
Tax Guru21d
Form 26AS Discrepancy: ITAT allows ₹168.61 Crore TDS Credit, Directs AO to Verify Income
Income Tax Appellate Tribunal (ITAT ... However, the assessee pointed to an updated Form 26AS, which reflected a higher TDS credit due to delayed payments and revised quarterly TDS returns filed by ...