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“Attention TDS Filers: Date of filing of Form 26Q for the quarter July-September, 2022 only stands extended from October 31, 2022 to November 30, 2022. The due date for filing of other TDS Forms for the quarter July-September, 2022 remains unchanged as October 31, 2022.”
Source: Twitter
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From 16 is usually issued by employers to employees and provides a summary of the salary income earned and the taxes deducted at source (TDS). However, some salaried individuals, as well as freelancers, consultants, and those with income from multiple sources, may not receive Form 16. This can cause confusion when filing the Income tax return (ITR) without this essential document.
The Central Bureau of Investigation (CBI) has arrested two accused persons, including an Indian Revenue Service (IRS) official, on the allegation of attempting to sabotaging the faceless scheme of Income-Tax assessment.
Infosys expects a refund of Rs. 6,329 crore from the Income Tax Department, the country’s second largest IT services company said. It also informed the stock exchanges about tax demand to the tune of Rs. 2,763 crore, citing various assessment orders.