As the financial year draws to a close, many salaried employees are preparing to receive their Form 16, a crucial document for filing Income Tax Returns (ITRs). Form 16, which details salary income, ...
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Received notice to pay additional tax? How a TDS claim rejection can lead to extra payments
NEW DELHI: The income tax department will deny tax deducted at source (TDS) credit and flag your income tax return (ITR) if it detects any discrepancies between the TDS information reported in the ITR ...
I started a two-year fixed deposit (FD) in January at a 9% interest rate. On 31 March, the bank calculated the interest earned/accrued at 9% for three months and charged tax deducted at source (TDS).
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