CBDT guidelines

What is your Form 16? Check how it can simplify Income Tax return filing in AY 2025-26

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What is your Form 16? Check how it can simplify Income Tax return filing in AY 2025-26

From April 1, 2025, the new income tax return filing season will start for AY2025 -26. For salaried taxpayers, their employer will provide a Form 16 containing all income tax details for the fiscal year 2024-25 (or assessment year 2025-26). Form 16 is a crucial document for salaried employees in India, particularly as the income … Read more

Direct Tax Vivad Se Vishwas Scheme: File a dispute declaration before Dec 31 or pay 110% of tax demand on Jan 1

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Direct Tax Vivad Se Vishwas Scheme: File a dispute declaration before Dec 31 or pay 110% of tax demand on Jan 1

Tax disputes: In the Budget 2024 speech, Union Finance Minister Nirmala Sitharaman unveiled the Vivad Se Vishwas Scheme to assist taxpayers in resolving their tax disputes with the income tax department. This scheme allows taxpayers to settle their outstanding tax liabilities by paying the disputed amount along with a defined percentage. By doing so, taxpayers … Read more