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income tax

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ITAT Ruling Exposes TDS Traps for Property Buyers Business
Economy #property#tds

ITAT Ruling Exposes TDS Traps for Property Buyers

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) deleted a TDS demand exceeding Rs 5.8 lakh against a property buyer, ruling that the seller's subsequent PAN-Aadhaar linkage regularised the deduction. Tax experts caution that buyers face significant compliance obligations, especially for non-resident sellers and jointly held properties, and often require professional assistance.

Jun 14, 2026 1 source
Understanding Form 16 for FY 2025-26: A Guide for Salaried Taxpayers Finance
Banking #income tax#itr filing

Understanding Form 16 for FY 2025-26: A Guide for Salaried Taxpayers

Form 16 is crucial for salaried taxpayers in India for filing income tax returns for FY 2025-26. It details salary and tax deductions, aiding accurate tax filing. Employees must obtain it from their employers, especially if they switched jobs.

Jun 9, 2026 1 source