Sec (143)1 of Income tax act:
It is an automated message that intimates the tax payer to know about the errors that are occurred in his/her filing. It also lets the...
what is a stock?
A stock is also known as an equity, is a security that represents the ownership of the issuing corporation. Stocks provides ownership in a publicly...
Rectification Return under Section 154(1)
What is rectification return? Rectification of income tax return gives you and the income tax officer the same right to make corrections in return. You can...
Difference between 26AS & AIS
FORM 26AS Form 26AS is also known as the tax passbook. Contains information about taxes withheld from & deposited against the PAN of individual during...
Difference between Form 16 and Form 16A
Form 16 is a certificate provided by employers to their employees. It reports that TDS has been deducted and deposited to the government authorities on...
What is Income Tax Act, 1961
Income tax Definition Payments made by individuals & corporations to Government based on their taxable income. Income Tax on all types of income, other than...
Importance and how to Download AIS
Importance of AIS The AIS is a detailed statement that contains all of your financial transactions for a given financial year (FY) The AIS includes information...
Annual Information statement
AIS is comprehensive view of information for a taxpayer displayed in Form 26AS. You will get to see little more detail information compare to 26AS....
How To Download 26AS
Perform the following steps to view or download the Form-26AS from e-Filing portal Step-1: Login to ‘e-Filing’ Portal https://www.incometax.gov.in/iec/foportal/ Step-2: Go to the e-file menu, click...
Structure of 26AS
Form 26AS is divided into seven parts which are described below: Part A: Details of Tax Deducted at Source It provides you the details of...