Tax experts say that omissions, data mismatches, and common assumptions were the primary causes of defective returns, ...

Form 26AS helps taxpayers verify TDS, taxes paid, and refunds before filing returns. Matching it with your records reduces errors and tax ...

Tax Dept finds fake deduction claims by refund agents, targeting RUPPs and charities. Penalties: 200% fines, prosecution. ITR ...

Tribunal held that income cannot be added merely because it appears in Form 26AS and remanded matter to verify whether assessee actually received amounts corresponding to TDS ...

Despite a record number of processed tax returns and issued refunds, millions of taxpayers are still facing delays in ...

The first step is to verify whether the refund has been processed at all. Log in to the Income Tax e-filing portal and check ...

Under Section 206C (1F), the seller must collect TCS at 1 per cent of the value of any car priced above Rs 10 lakh. So if ...

If a tour operator fails to deposit the TCS and the credit consequently does not appear in Form 26AS, the situation becomes ...

The TCS amount will, by default, appear in the 'Taxes Paid' part of your ITR for the relevant financial year. All you have to ...

Taxpayers and deductors are advised to file correction statements promptly to ensure that tax credits are properly reflected in their Form 26AS and Annual Information Statement (AIS). Trending Photos ...

The tax brackets you fall into determine how much you owe the IRS at tax time. For tax year 2024 (filing in 2025), there were seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the ...

U.S. federal income tax has progressive brackets ranging from 10% to 37%. Tax deductions and credits can significantly lower taxable income and tax owed. Understanding adjusted, taxable incomes, and ...