Form 16: Latest News and Updates, Top Stories, Videos, Photos About Form 16

How To Claim Rs 1.5 Lakh Tax Benefit In Section 80C: From Pensions, PPF, To Sukanya Samriddhi Yojana Accounts

Section 80C of the Income Tax Act is one of the most popular clauses introduced by the regulatory department, which allows taxpayers to claim up to Rs 1.5 lakh tax deductions on their investment schemes. These in general terms reduce the ...

Form 16 Download: Step-By-Step Guide On How To Download Form 16?

Form 16/16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. These certificates provide details of TDS / TCS for various transactions between the deductor and deductee. ...

Major Tax Reliefs Extended To Taxpayers

Centre amid glitches in the new tax portal as well as in view of the Covid situation has granted relief in respect of the number of compliances: Here are some important reliefs: 1. For the employer who is required ...

ITR Filing Deadline Will Likely Be Extended On Delayed Form 16 Issuance

To help businesses and individuals to comply with Income Tax related norms, various tax deadlines were extended by the government. According to an Economic Times report citing chartered accountants the deadline for employers to issue the TDS certificates (Form 16) for ...

PM-CARES Donations From Salary Via Employer To Reflect In Form 16 For Tax Benefit

In a communication, the CBDT (Central Board of Direct Taxes) said that for donations made to the PM-CARES Fund by an employee through his/her employer, a separate certificate under section 80G will not be issued to each employer as a contribution ...

Do Not File ITR With ‘Tax Payable' As Mistake To Attract Income Tax Notice

In one of the errant tax filing case, income tax payer left the section of TDS blank and submitted the ITR with a ‘tax payable' of Rs. 6 lakh, despite form 16 mentioning the amount as being deducted at source or ...

ITR Filing: How To File Income Tax Return Without Form 16?

ITR filing date for the assessment year 2019-20 has been extended to August 31, 2019 and while Form 16 is required to file the return without much hassles. There can still be a case when you wish to file the ITR ...

ITR filing Date Extended To August 31

In its notification today, the CBDT said, "The due date for filing of Income Tax Returns for Assessment Year 2019-20 is 31.07.2019 for certain categories of taxpayers. Upon consideration of the matter, the Central Board of Direct Taxes(CBDT) extends the ‘due ...

Tax Dept Likely To Extend Deadline For Income Tax Return Filing Beyond July 31

Due to a slew of modifications in ITR forms, TDS certificate or Form 16 issued by the employers as well as TDS returns filed by employers with the department of tax, it is highly anticipated that the department this time around ...

ITR Filing: You Need To Check These Details In Your Form 16

When filing ITR, two of the most important documents needed are Form 16 and Form 26AS. Form 16 primarily includes salary break-up, taxable income, TDS and other details. This year the Central Board of Direct Taxes or CBDT has revised the ...

CBDT Extends Last Date For Employers To Issue Form 16 To July 10

The Central Board of Direct Taxes (CBDT) has extended the deadline to issue Form 16 for employers and owing to it the last date for filing ITR may be extended beyond the usual 31st July of every year. Also, the last ...

Employers To Mandatorily Download Form 16 From Traces Portal Only

As part of another notification, the CBDT has made it mandatory for employers to download and issue Part-B of Form 16 to employees only from the TRACES portal. The notification in this regard came on May 6, 2019. TRACES is ...

Form 16 News