Form 26AS, also called as Annual Statement, is a consolidated tax statement which has all tax related information (TDS, TCS, Refund etc) associated with a PAN. It shows how much of your tax has been received by the government and is consolidated from multiple sources like your salary / pe...
Form 26AS is a tax consolidated statement, which has all tax related information like TDS, TCS,advance taxpaid and refund claimed under different parts. Now you can view and download Form 26AS online if your PAN card is mapped correctly with the bank. ...
TDS also shows up in Form 26AS. (You should verify it) You need to claim TDS while filing ITR. Tax liability might be different from the TDS deducted (Ex TDS on FD is 10% but Tax is as per income slab). You need to Pay Additional tax before filing ITR (Advance Tax or Self Asse...
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ITR2 Form This form is to be filed by individuals or HUFs who have an income from selling a property or any other asset. Earnings from salary or pension Earnings from other sources such as lotteries, horse racing, etc. The income from the above-mentioned factors should be more than INR ...
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The asset’s holding period determines whether the capital gain is classified as short-term or long-term. Short-term capital gains are taxed at higher rates compared to long-term capital gains. Certain exemptions or deductions may apply to reduce the taxable amount, such as investing in specifie...
The objective of Form 16 and Form 16A is the same as they are both TDS certificates but the difference lies in the issuing body. While Form 16 shows the tax deducted at source (TDS) for a salaried employee, Form 16A is applicable for a non-salaried employee. People rendering their ...
reflects housing expenses only, the GDS ratio is also referred to as thehousing expense ratio. GDS may be used in other personal loan calculations, but it is most commonly used in the mortgage lending process. (You may also hear GDS referred to as Housing 1 ratio and TDS as Housing 2 ...