To ensure a smooth and error-free ITR filing process, it's essential to keep all the necessary documents handy beforehand.

As a landlord, understanding the tax documents you need is crucial for compliance and  maximizing your deductions. From IRS ...

The tenant must deduct 5 per cent TDS on the rent amount and deposit it with the government using Form 26QC within 30 days from the end of the month in which the rent is paid ...

Most taxpayers depend on the same basic data to file returns. If you have a job, your employer must provide both you and the ...

Non-TAN requirement: Tenants do not need a TAN (Tax Deduction Accountant Number) to file Form 26QC or issue Form 16C.

Arjuna (Fictional Character): Krishna, a taxpayer, is paying ₹51,000 per month as rent for his residential flat and is not engaged in any business or profession. Based on these facts, is he required ...

Interest on Non-Deduction/Deducted but Not Paid: Interest at 1% per month (or part thereof) on the amount of tax not deducted, and at 1.5% per month (or part thereof) on the amount of tax deducted but ...

However, compare with other high-interest options before investing. If you have foreign income and wish to claim foreign tax credit, upload Form 67 by March 31. This applies to income taxed both in ...

Tenants must submit Form 26QC via the income tax e-filing portal and provide Form 16C to landlords within 15 days of filing deadline. For incorrect HRA claims, submitting an updated ITR before ...

Before filing Income Tax Return (ITR) in FY 2024-25 under the old income tax regime you need to complete all necessary steps by March 31.

Salaried people who have failed to pay advance tax on extra income also have an opportunity to correct the default.

Taxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under Section 194-I, tenants paying rents over ₹50,000 per month must deduct 2% TDS.