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CBDT has revised Income Tax Form 161 for penalty waiver applications, introducing new tax calculation requirements and declarations for taxpayers under the Income-tax Act, 2025.

CBDT Revises Form 161 For Penalty Waiver on October 8: Key Changes Taxpayers Should Know

Judgement

The Bombay High Court held that absence of Form 16 or 16A is not fatal if TDS deduction Is proved.

High Court Rules TDS Credit Cannot Be Denied Merely Because Deductor Failed to Deposit Tax

Delay caused by employer's delayed Form 16 issuance held to be sufficient cause; reassessment remanded to AO.

ITAT Condones 302-Day Delay, Restores Salary Assessment for Fresh Verification

Articles

Verify your Form 16 details, TDS, deductions, and tax regime before filing your ITR to avoid errors and refund delays.

Form 16 Checklist: What Every Taxpayer Must Verify Before ITR Filing

KSCAA has urged CBDT to expedite pending Q4 TDS return processing and restore Form 16/Form 16A download facilities on TRACES to prevent disruptions during the ITR filing season.

KSCAA Flags Delay in Q4 TDS Return Processing, Urges CBDT to Restore Form 16 Download Facility

Employers must issue Form 16 by June 15, 2026, enabling salaried taxpayers to verify income, TDS, deductions, and other tax details before filing their income tax returns.

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CBDT Revises Form 161 For Penalty Waiver on October 8: Key Changes Taxpayers Should Know

High Court Rules TDS Credit Cannot Be Denied Merely Because Deductor Failed to Deposit Tax

ITAT Condones 302-Day Delay, Restores Salary Assessment for Fresh Verification

Form 16 Checklist: What Every Taxpayer Must Verify Before ITR Filing

KSCAA Flags Delay in Q4 TDS Return Processing, Urges CBDT to Restore Form 16 Download Facility

ITR Filing 2026: Why Form 16 Is Crucial Before Filing Your Return