Form 16A is issued by an employer or deductor in a financial year
Form 16 is an essential document for filing ITR as it contains details of salary income, deductions, and exemptions
It is a document that employers must submit while filing their taxes to account for income and expenses
Form 26AS is a consolidated tax statement showing taxes deducted, tax credits, income sources, and tax deducted at source (TDS) and tax collected at source (TCS)
The airline has used various avenues to raise cash. In the financial year 2022-23, the airline raised Rs 449.8 crore under the central government's Emergency Credit Line Guarantee Scheme
Missing the deadline for the annual exercise can lead to penalties and more paper work
Income from other sources includes earnings from freelance work, investments, rental properties, or any additional ventures.
Its success, however, will hinge on the quality of online utilities launched along with it
Airline says significant portion of PF contributions of all employees is also being credited and the remaining amount will be released shortly
Individual taxpayers not having business or professional income can use this form
The taxpayers are required to fill out several forms, Form 26AS, Form 16, capital gains statement, and interest certificates, among others. In all the paperwork, some mistakes are bound to happen
Filing ITR is mandatory in order to claim deductions under Chapter VI and exemptions on long-term capital gains; but there are other benefits you need to know about
A mistake in calculating tax liability could lead to a notice from the tax department
Keep rent receipts that serve as proof handy should taxmen come calling
Here is a quick step-by-step guide on how to file your income tax return (ITR) for the assessment year 2022-23
Report any discrepancy between the two documents to the employer immediately and get it rectified
The government had extended the date of filing income tax returns for AY22 to December 31, 2021, from July 31, 2021
Here's all that you know, and you don't know, about Form 16, TDS certificate, Form 16 part A, Form 16 part B, Form 26AS, Income Tax portal, and things to remember as a taxpayer
The last date for issuing Form 16 extended till July 31
Taking excess credit during ITR filing could lead to notice from tax dept