Conclusion: In a dispute of taxable supplier’s discrepancy in the Goods and Services Tax Returns (GSTR) – 3B and the form 26AS under Section 203AA of Income Tax Act, 1961, High Court had granted final ...

Updated tax rules, including pre-filled forms and flexible return filing, aim to reduce errors and ensure seamless compliance for taxpayers.

Recent tax updates, including revamped Form 26AS, pre-filled ITRs, flexible returns, expanded TDS/TCS, higher deductions, and ...

The Surat Bench of ITAT allowed the appeal for statistical purpose which means that ITAT uphold the decision of CIT (A) but without any real impact on the case. It allowed TDS credit of the of Rs.4,50 ...

NRIs renting out properties in India must manage taxes effectively. Rental income exceeding exemption limits requires filing ...

During a meeting with representatives from the financial sector, FM Sitharaman discussed the recommendation from banks to ...

With the Union Budget 2025-26 on the horizon, industry bodies, including FICCI, have urged the government to streamline the ...

Form 26AS to show the non-reflection of TDS deposits. Additionally, consider filing a formal complaint with the TDS Wing of the Income Tax Department, attaching the same evidence. The department ...

Deloitte's Income Tax Policy Survey also suggested eliminating the need to issue Form 16A, as the TDS information is already available in the recipient's Form 26AS and AIS. Income Tax Return i.e ...

Refunds may be delayed but will eventually be processed, and taxpayers are entitled to interest on the refund amount under Section 244A of the Income Tax Act,” said Amit Bansal, Partner, Singhania & ...