Tax Articles

incometax.gov.in portal helps the taxpayers to file their returns along with the facility to view the taxpayer’s information relating to pending notices, previous year returns, etc. How to File Income Tax Return Online?  Time needed: 10 minutes. Login or Register to...

What is TAN? and Why is TAN Necessary? TAN stands for Tax Deduction and Collection Account Number. The Income Tax Department issues TAN to taxpayers. Moreover, individuals and businesses who are obligated by the Income Tax Act of 1961 to...

What is Form 27C in TCS? Form 27C in TCS is a declaration through which any taxpayer can claim an exemption on a collection of TCS. Like TDS, tax collection at source is a mandatory tax collection on specified transactions....

Form 26QB is a payment challan which the buyer of the property needs to fill and submit to deposit the TDS amount. Income Tax Act, 1961 provides for deduction of TDS under section 194IA on purchase or sale of immovable...

Form 26AS or Tax Credit Statement is one of the most important tax documents for any taxpayer. It truly reflects how much tax you have paid to the Income Tax Department either by yourself or through other taxpayers.  With effect...

As per the provisions of the income tax act, every person is required to file an income tax return within the specified time and report their income details. The process of tax collection is done via two ways - tax...

What is Form 16 in Income Tax? Form 16 in income tax is a TDS certificate that every employer must issue to its employees under section 203 of the Income Tax Act, 1961. The employer must mandatorily issue it on...

Form 15H is a very popular form among investors and taxpayers. To avoid deduction of TDS from your interest income you can surely opt for this route. You can avoid TDS on interest income, rental income, insurance commission, insurance maturity...