Mismatch in TDS amount between Form 26AS and what is claimed in the tax return, or a mismatch in salary numbers based on Form 16 are some of the common reasons for such a notice. Income tax department carries out… Read More ›
TDS
Income Tax Challan 280: How to use it to pay tax online to avoid query from I-T Department
Additional taxes may become payable due to deduction of insufficient TDS or when interest income or income from some other sources are added to main source of income. Never submit ITR with the tax payable, which will most likely attract… Read More ›
People with income up to Rs 9.5 lakhs can escape tax liability: Piyush Goyal
Goyal said individuals earning up to Rs 9.5 lakh can escape liability by taking advantage of saving schemes. Source: The Economic Times Stressing that tax concessions have been provided with a view to helping poor and middle-class people living on… Read More ›