The Strait of Hormuz closure has been responsible for global crude oil prices surging and resulting in an economic shock for ...

Before filing ITR for AY 2026-27, taxpayers should reconcile Form 16 with Form 26AS and the Annual Information Statement (AIS ...

Form 16 provides details of salary income, deductions, exemptions and TDS deducted by the employer. While taxpayers can file their ITR without it, experts advise verifying all income and tax details ...

Received your Form 16 and planning to file your ITR right away? Chartered accountant Nitin Kaushik cautions salaried ...

Taxpayers should rely primarily on Form 26AS and AIS, as these reflect TDS entries reported and processed by the tax ...

Apart from Form 16, other important documents that you should keep handy are Form 26AS, Annual Information Statement (AIS), ...

According to Mrinal Mehta, Joint Secretary at Bombay Chartered Accountants' Society, while filing without Form 16 is legally ...

Form 16 helps salaried employees file ITR as without Form 16 it is time consuming to file ITR; When can you expect to get ...

The Income Tax Act, 2025, effective from April 1, 2026, renames Form 16 to Form 130. Salaried taxpayers should wait until June 15 to file ITR for AY 2026-27, as employers must provide Form 130 by this ...

The employer has to issue Form 16 by June 15 of each assessment year following the conclusion of the financial year in which the income was received ...

Taxpayers are advised to delay filing their Income Tax Returns for AY 2026-2027 until after June 15th. This allows for the accurate updation of the Annual Information Statement with data from ...