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 ...

Interest was disallowed solely because the payee had not declared it. The Tribunal relied on Form 26AS showing payment and TDS to allow the claim. The ruling underscores documentary evidence over ...

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 ...

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 ...

Income Tax Return: Form 26AS is a critical document for taxpayers while submitting their Income Tax Return (ITR). Form 26AS ...

Filing taxes and declaring the correct income is not just a compliance formality — it is the cornerstone of financial transparency and smooth personal as well as business financial management. With ...

Reconciliation should be done between the dividend records you maintain, statements from companies or mutual funds, and amounts in Form 26AS/TIS. Dividend income may appear differently across personal ...