Income Tax: How to check whether employer is depositing TDS with the tax department?

Income Tax: How to check whether employer is depositing TDS with the tax department?

The Bombay High Court has recently held that employees cannot be penalised for employer’s failure to deposit tax deducted (TDS) from salary. “The object and purpose behind the provision is to the effect that when an obligation to deposit the tax as in the present case, is on the employer and if the employer has defaulted, … Read more

Income Tax: As ITR forms enabled to file returns, check here which form you would require

Income Tax: As ITR forms enabled to file returns, check here which form you would require

No sooner had the new financial year started than the income tax return (ITR) filing process commenced for FY 2024.      The income tax department (ITD) has already enabled all the return filing forms – ITR-1, ITR-2, ITR-4 and ITR-6 — for filing the returns at the e-filing portal.  The department has released the excel utility of … Read more