Form 26 As: Latest News and Updates, Top Stories, Videos, Photos About Form 26 As

Form 26 As News

Form 26AS: Hotel Bills, Medical Insurance Premium Over Rs. 20000 Etc To Show In Your ITR

On August 13, 2020 Prime Minister Narendra Modi introduced the 'Transparent Taxation' platform while also announcing measures to enhance tax compliance, easing of process of tax return filing and faceless assessment. At the same time, the government proposes to reduce threshold ...

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 ...

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 ...

10 Pointers To Note To Successfully Claim Tax Exemption On HRA

HRA claim against the rent paid to the landlord or house owner requires the taxpayer to note of few points else the claim may go rejected as in the case of a salaried employee whose HRA tax exemption claim was rejected ...

How TDS On Salary is Computed?

TDS or tax deduction at source is a mandate from the salary of the salaried taxpayer under section 192 of the income tax Act. And after the deduction is made, balance amount is paid to the employee. Calculation of TDS ...

Filing ITR: Ensure Form 26AS Is Correct

You may now be setting your pace ready to file the ITR for the FY 2017-18 as the deadline is shortly nearing. In this context, you need to account for both the Form 26 AS that reflects all the tax deductions ...

Taxman To Not Issue Notices On Minor Mismatch In ITR Filing

In a relief to small and salaried class taxpayer category, as per the provisions introduced in the latest Finance Bill, the taxman will not issue demand notice for minor mismatch in income tax return filed and corresponding tax credit data ...

July 31 Is The Deadline For Filing ITR- Here's A Checklist To Make Your Job Easy

The deadline for filing income tax return for the fiscal year 2016-17 is July 31 and in case you miss it you still can file the return without any penalty implication. Nonetheless, the penalty implication of upto Rs. 10,000 ...