Mismatch in AIS and Form 26AS data: Are you planning to file income tax return (ITR) for Assessment Year 2024-25? Make sure that your Form 26AS data match with that of AIS (Annual Information ...

NEW DELHI: Form 26AS will only display details of tax collected at source (TCS) and tax deducted at source (TDS) from the assessment year 2023-24 onwards, the income tax department has said. Currently ...

Several chartered accountants and associations have pointed out that there are some issues with the income tax portal, namely data mismatch in Form 26AS, AIS and Form 16. In one case the Form 16 part ...

Discrepancies between Form 26AS and Form 16 can lead to an inquiry by the I-T department. IMAGE: Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy ...

The income tax (I-T) department launched the new Annual Information Statement (AIS) on the Compliance Portal in 2021, which provides taxpayers a complete view of their financial transactions carried ...

MUMBAI: Can the income tax department accept long-term capital gains tax (LTCG) statement given by the AUM of mutual funds? - Name withheld on request. AUM or Asset Under Management is an indicator of ...

It is an important document required while filing taxes. The form is linked with your PAN, and it is a consolidated record of all the information related to tax. The taxpayers should verify the ...

As the last date to file income tax return (ITR) looms closer, tax payers are busy arranging the documents in time to avoid breaching the July 31 deadline. The key documents that are needed to file an ...

In case of any mismatch as regards the information mentioned in Form 26AS, the taxpayer should highlight the same to the tax deductor and require him to revise the ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Over the past few years, the tax ...