Three of the most important reports all taxpayers should know about are Form 16, the Annual Information Statement (AIS), and Form 26AS. What they are and how they assist you during tax season follows.

Expenses form a major portion of the income statement, and miscalculating expense items affects net income. Without having an accurate reading of your expenses, your business might overspend or ...

Form 26AS is an annual statement that shows details of tax deducted at source (TDS) and tax collected at source (TCS) on a taxpayer's income. It includes self-assessment tax payments, advance tax, and ...

If you are an employee drawing a salary, Form 16 is often your key form to file income tax return. Discrepancies between Form 16 and your aggregate tax credit statement, Form 26AS, can land you in ...