Form 16 & ITR Filing 2025: It’s June 18. You must have received Form 16 from your employer to file the income tax return (ITR) for the assessment year 2025-26 (FY 2024-25). It neatly summarises your ...

Rather, it says, the new form “will simplify and standardize the application process for Private Letter Rulings issued under Rev. Proc. 2025-4 and its successors.” Comments Welcome. The IRS will ...

Salaried employees will soon receive their Form 16 for Assessment Year 2025–26, featuring a more detailed breakdown of salary components and newly integrated tax disclosures.

Form 16 is the TDS certificate issued by the employer to employee at the end of the financial year, form 26AS is Tax credit statement and AIS is comprehensive view of information for a taxpayer ...

Income tax: What are Form 16, AIS and 26AS? These forms assist you in filing correct income tax returns and monitoring your tax credits. Moneycontrol News. June 06, 2025 / 14:15 IST .

Elon Musk had advocated ending the $7,500 tax credit for buyers of Tesla and other automakers’ EVs. But with the end of that credit included in the the “big, beautiful bill,” he and the now ...

ITR Filing 2025: The income tax filing season 2025 has started, with the Excel Utilities for ITR-1 and ITR-4 already available for download on the e-filing portal. So far, a total of 1,23,075 ITRs ...

The Income Tax Department has launched the online utility for filing income tax returns for FY 2024-25 (AY 2025-26). Currently, only ITR-1 and ITR-4 forms are available for online filing. The article ...

A recent federal district court order illustrates this point well. In Huang v.United States, No. 3:24-cv-062998-RS (N.D. Cal. 5/28/25), a pro se taxpayer challenged the IRS’ assessment of ...

Form 16 TDS Certificates ITR filing: Due to the income tax changes made in the FY 2024-25 (AY 2025-26), Form 16 will show certain changes this year. It will primarily show the following three changes ...

Employers are required to issue Form 16 to employees by 15 June. This important document contains the record of taxes deducted from your salary and deposited with the Income Tax Department.