ITAT Delhi held that TDS deposited by a buyer in a later year cannot override correct assessment year of capital gains. Form 71 enables taxpayers to claim such TDS credit in year of ...

The Tribunal held that an assessee is entitled to TDS credit if the tax was deducted at source, even if the employer failed to deposit it or issue Form 16. Tax authorities cannot penalize the employee ...

After several key changes in 2025, experts are advising taxpayers to start preparing for the coming year now to avoid any costly mistakes.

Taxpayers and deductors are advised to file correction statements promptly to ensure that tax credits are properly reflected ...