Last year, the government changed tax laws to allow authorities to examine income for the previous six years plus the search ...

Form 16 is a crucial document for salaried employees in India, particularly as the income tax return (ITR) filing season for the assessment year 2025-26 approaches.

Tax Deducted at Source (TDS) is a system implemented by the government to collect taxes at the time of transactions. A ...

According to reports, about 9,000 people donated Rs 5 lakh or more in the financial year 2020-21 and claimed tax exemption ...

Form 16 is a certificate provided by an employer to employees, which includes the details of the employee’s salary and the ...

Form 16 is a certificate issued by an employer to employees, which contains details of the employee's salary and the tax deducted at source (TDS) during the financial year.

Except for some senior citizens, advance tax must be paid by all assessees, including NRIs, if the tax payable is ₹10,000 or ...

Those due to sell property in March should consider deferring the sale to April to optimize advance tax payments and ...

One expert last month predicted the short-term impact of tariffs would be “devastating” for both Canada and the US, ...

Every year, while filing (ITR), taxpayers face a common dilemma, should they choose the new tax regime or stick to the old one? In Budget 2023, the government made the new tax regime the default ...

Form 16 is a TDS certificate issued by employers to outline the salary earned and TDS deducted on the same in a given fiscal ...

The income tax department has listed such individuals with undisclosed income subject to income tax and accordingly, the ...