A show cause notice was issued proposing to demand service tax of over Rs.8 crores under “works contract” service based on comparison between TDS data (26AS) and ST-3 returns filed by the appellant.

Partnership firms face a new reality as they are now required to calculate TDS on payments to partners exceeding ₹20,000. This could lead to tax complications and cash flow issues for many small ...

Form 16 is a certificate issued by your employer as proof that Tax Deducted at Source (TDS) has been deducted from your ...

The salary slips of your entire financial year give information about your salary, allowances and deductions. These will help ...

Among the major financial and tax changes are no income tax on annual income up to Rs 12 lakh, deactivation of UPI for mobile ...

Taxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under ...

Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) ...

As FY 2024-25 ends, ITR season 2025 starts in April. Suresh Surana advises finalizing tax-saving investments, submitting ...

With the updated ITR deadline nearing, a meticulous review of your income, tax liability, and payment is paramount.

Last chance to file updated Income Tax Returns for AY 2022-23 with additional tax penalties, consequences for non-compliance.

The Income Tax Return submission for assessment year 2025-26 will open on April 1 2025. Earnings-based employees ...

These notices focus on matters ranging from faulty returns to demands for additional taxes. This process has created confusion and uncertainty among individual taxpayers, leaving people worried about ...