Large or unusual transactions may be reviewed more closely when they do not fit the taxpayer’s declared income pattern. So a correct AIS entry does not automatically eliminate scrutiny. It only means ...

Income Tax Return: It can be quite overwhelming to file an Income Tax Return, particularly if you are a first-time taxpayer. Form 26AS, commonly known as the Tax Credit Statement, is one of the most ...

ITAT directed grant of TDS credit of ₹19,215 as salary income was assessed in AY 2012-13 under Section 199 read with Rule ...

A tax credit mismatch occurs when the tax credit claimed in your ITR does not match the records available with the Income Tax Department. It can delay refunds, lead to tax notices, or result in ...

Form 26AS aka the Annual Information Statement (AIS) is a comprehensive display of a taxpayer's financial statement for the year. It has been replaced by Form 168 under the new Income-Tax Act (ITA) ...

Taxpayers should still claim the TDS credit in their ITR even if it is missing from Form 26AS or AIS, say experts. The Income Tax Act protects deductees where tax has been deducted but not deposited ...

Taxpayers confused by Form 26AS & Form 168 on portal. Use Form 26AS for FY 2025-26; Form 168 from FY 2026-27. Form 168 combines 26AS & AIS for comprehensive view. Did our AI summary help? The Income ...

With the Income Tax Return (ITR) filing season underway, tax experts are urging salaried taxpayers not to rely solely on Form 16 while filing their returns. As the Income Tax Department increasingly ...