Form 16 is a certificate issued by an employer that provides details of the salary paid and the tax deducted at source (TDS) ...

The threshold TDS limit has been doubled for senior citizens from April 1, 2025. The interest income from fixed deposits (FDs ...

ITO, the primary issue before the Income Tax Appellate Tribunal (ITAT) Mumbai was whether payments made by the assessee towards alternate accommodation and hardship compensation to tenants during a ...

Arjuna (Fictional Character): Krishna, a taxpayer, is paying ₹51,000 per month as rent for his residential flat and is not ...

CBDT exempts individual taxpayers from TDS on NSS withdrawals via latest notification, easing tax compliance and improving ...

TDS threshold changes will increase limits on interest income, dividends, rent, and commissions. The updates aim to improve cash flow and reduce tax burdens. Key adjustments include higher limits for ...

Form ITR-B allows the assessee to claim TDS (tax deducted at source) and TCS (tax collected at source) credit against ...

The block assessment process in income tax refers to a special procedure used by the tax authorities to assess the ...

In the last few days, several entrepreneurs have voiced sharp criticism of the government system, citing red tape and ...

Finance Minister Nirmala Sitharaman announces new tax regime with extended limits and revised slabs, offering clarity on ...

The Income Tax Return (ITR) filing deadline for non-audit taxpayers for FY 2024-25 (AY 2025-26) is July 31, 2025. The Income Tax Department has already extended the deadline for belated ITR from ...