Tax filing season begins for the financial year 2024-25, and the assessment year 2025-26 has officially commenced, with salaried employees in India having received their Form 16 documentation. There ...

Form GST MOV-09 is mandatory to be issued by the GST Department despite payment of penalty has been made to release the goods: Allahabad High The Allahabad High Court recently ruled that the GST ...

Alleging the Trump administration wants to take health care away from people, Illinois Gov. J.B. Pritzker this week signed a state budget that does just that. Come July 1, the $55.2 billion fiscal ...

As income tax return (ITR) filing season is going on, eligible social media influencers are also liable to pay their taxes. If they don't file their ITR, they may have to go through income tax (I-T) ...

Shares of companies, whether Indian or foreign, deriving value from Indian assets are considered under the head of capital assets located in India. Any gain arising from the transfer of an Indian ...

Salaried employees will soon receive their Form 16 for Assessment Year 2025–26, featuring a more detailed breakdown of salary components and newly integrated tax disclosures.

The CRA will use the information from your Form RC66, Canada Child Benefit Application to determine if you are entitled to receive the benefit. Prince Edward Island sales tax credit The Prince Edward ...

ITR Filing 2025: The Income Tax Return (ITR) filing season is underway following the reinstatement of form utilities. Salaried taxpayers are advised to await their Form 16 or Form 16A, the Tax ...

Filing Income Tax Return (ITR) by salaried taxpayers Form 16: It is a TDS certificate issued by an employer to an employee. It is proof that the employer deposited the tax with the tax authorities.

Three of the most important reports all taxpayers should know about are Form 16, the Annual Information Statement (AIS), and Form 26AS. What they are and how they assist you during tax season follows.

Elon Musk had advocated ending the $7,500 tax credit for buyers of Tesla and other automakers’ EVs. But with the end of that credit included in the the “big, beautiful bill,” he and the now ...

Now, with the digital integration of Form 16 into the Income Tax portal, much of this data is auto-populated in the ITR filing form, reducing the scope for errors and easing the burden on taxpayers.