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What is a Form 16?
What are the components of Form 16?
Part A of Form 16
Part B of Form 16
Latest Updates on Form 16
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 for Income Tax Returns
In ITR, 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 Form 26AS contains all tax-related information of a taxpayer such as TDS, TCS, advance tax paid by the assessee, self-assessment tax payments, details about income tax refunds, and other details
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 to your employer and get it amended
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
The estimation poses some practical challenges and also makes it difficult to assess tax liability
If deductions are claimed while filing returns, there could be queries from tax officials
The amended form will come into effect from May 12, 2019. This means the income tax returns for financial year 2018-19 will have to be filed on the basis of revised Form 16