Tax dept denies Rs 73 lakh TDS credit as taxpayer being unaware did not claim it in ITR; ITAT Mumbai gives relief to taxpayer

The Income Tax Appellate Tribunal Mumbai has ruled in favour of a taxpayer. The tribunal stated that the tax department must ...
Tax Guru

AIS vs Form 26AS – Mismatch Issues, Tax Notices & How to Fix Them

The article explains how AIS-based data matching is triggering tax notices despite Form 26AS matching. The key takeaway is ...
Tax Guru

TDS Credit Cannot Be Denied Due to Reporting Mismatch

The dispute concerned denial of TDS credit citing inconsistencies in reported transaction values. The ruling clarified that ...

How To File ITR For The First Time

● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date under section 139 (1), as per the Income Tax Department guidance. On the portal ...
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TDS mismatch in Form 26AS: Income Tax Department withholds Rs 1.5 crore tax refund - how taxpayer approached High Court and won case

Not getting an income tax refund due to TDS mismatch in Form 26AS? A new Allahabad High Court ruling may work in your favour. The Allahabad High Court has issued a ruling on October 8, 2025, clearly ...

Economic Survey’s ‘real-time TDS’ pitch: faster credits in 26AS, better cash returns

Economic Survey suggests real-time TDS remittance by banks instead of batches, and a treasury manager to invest short-term ...