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Understanding Form 26AS, Tax Statement

Form 26AS, also called as Annual Statement, is a consolidated tax statement which has all tax-related information (TDS, TCS, Refund etc) associated with a PAN. It shows how much of your tax has been received by the government and is consolidated from multiple sources...

Fixed Deposit , Interest , TDS, Tax,Income Tax Return, Refund

We have got many queries on fixed deposit and request on writing about fixed deposit only from perspective of income tax return. So this article is answers to questions: Is Fixed Deposit interest taxed? Is TDS deducted? Do I need to pay tax if TDS is deducted? How to...

Income Tax Notice for Inconsistency in Salary Income and Form 26AS

On 6 May 2018, many salaried employees got an Income Tax Notice, a notification from IT department regarding inconsistency between salary income and Form 26AS in ITR. First, relax you are not alone. Thie article talks about What does Income Tax Department consider as...
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