The dispute concerned denial of TDS credit citing inconsistencies in reported transaction values. The ruling clarified that ...
In a significant relief for taxpayers, the Income Tax Appellate Tribunal (ITAT) Mumbai has quashed a Rs 1 crore tax demand raised solely due to a TDS mismatch in Form 26AS, reaffirming that Section ...
The Income Tax Appellate Tribunal Mumbai has ruled in favour of a taxpayer. The tribunal stated that the tax department must provide TDS credit shown in Form 26AS. This decision came after a taxpayer ...
Easiest Way to Check TDS Status: Tax Deducted at Source (TDS) is a system implemented by the government to collect taxes at the time of transactions. A specific percentage is deducted based on ...
Economic Survey suggests real-time TDS remittance by banks instead of batches, and a treasury manager to invest short-term ...
As the last date to file income tax return (ITR) looms closer, tax payers are busy arranging the documents in time to avoid breaching the July 31 deadline. The key documents that are needed to file an ...
Switching jobs in a year leads to multiple Form 16s for tax filing. Combine salary and TDS from all Form 16s for accurate ITR filing. If Form 16 is missing, use salary slips and Form 26AS/AIS to file ...
Courts have held that once TDS is deducted from salary, the employee cannot be asked to pay tax again merely because the employer failed to deposit it. Recovery must be pursued only against the ...
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