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TAX NOTICE FOR CASH
Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains whyRetired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as ta...- Good news for investors: No income tax on dividends received from REITs and InvITs in this case, Lok Sabha passes the bill; Check the detailsThe Lok Sabha passed a bill amending tax laws on August 6, 2026. This amendment benefits REIT and InvIT investors by exempting dividend inc...
- Parliament Monsoon session: Opposition continues protest over alleged police action against studentsOpposition MPs protested in Parliament over alleged Ram temple donation theft. They also demanded a statement regarding police actions agai...
- Buffett’s way of looking at businesses, or what we call stocks: The great, the good and the gruesomeGrowth is supposed to be the thing you want in a business. Warren Buffett spent one of his sharpest letters explaining why that is often wr...
- How Rs. 40,000 Regular Income from Bonds Can Ease the Liquidity Pressure on the Sandwich GenerationMiddle-aged families face financial stress from competing responsibilities and unexpected expenses. A dedicated bond portfolio can provide ...
- Can you get income tax notice for making digital payments through UPI, NEFT, RTGS, and IMPS? Know when it can be triggeredDigital transactions like UPI and NEFT can trigger income tax notices. These notices arise when transactions do not match your declared inc...
- ET Prime Special Series: Multibagger or IBC - Part 70: Almost nobody tracks this company. That may be why its turnaround was missedVery few investors track this old auto supplier, and that may be exactly why its turnaround went unnoticed. This is a business that spent y...
- Building an emergency fund? Here's when a sweep-in FD beats a liquid fund & when it doesn'tSweep-in fixed deposits and liquid funds offer better returns than savings accounts. Sweep-in FDs provide immediate access for money needed...
- Jupiter Transit in Leo 2026: Money Is Coming for These Zodiac Signs While Others Could See Promotions, Business Expansion and Financial BreakthroughsJupiter in Leo 2026 marks one of the most anticipated planetary transits for those seeking growth in wealth, career and long-term financial...
- The company is losing money. So why is the boss still taking crores?Companies pay money to the people who run them, and these are often the same people who influence how much they should get. Does this numbe...
- No input tax credit for the innocent buyer after paying GST? Supreme Court settles who bears the cost when a supplier defaultsThe Supreme Court affirmed Gujarat High Court's decision on CGST Act Section 16(2)(c). This ruling validates the provision requiring tax pa...
- Wife paid Rs 58 lakh from Indian bank a/c, husband paid Rs 80 lakh from UAE bank a/c for property purchase; she gets tax notice for unexplained investment, wins case in ITAT Mumbai for this reasonTo purchase property in India, wife paid Rs 58 lakh from her bank a/c and husband paid Rs 80 lakh via his UAE bank a/c using Dubai exchange...
- Warren Buffett, Isaac Newton and the fourth law of moneySomewhere between what your investments earn and what you actually keep, a portion goes missing every year. It is charged by nobody you cou...
- Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax noticesNRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of sha...
- Eternal’s robust Q1; Meta faces content-blocking allegationsEternal reported a jump in its net profit on the back of Blinkit's improving operating performance. This and more in today’s ETtech Morning...
- Name appearing in builder's records showing cash payment: Will you need to pay income tax for such property purchase? Here’s what ITAT saidCan the Income Tax Department tax you based only on papers found during a builder's search? A recent ITAT ruling explains when third-party ...
- How a Meerut slum woman masterminded a Rs 357 crore income tax return fraud from a 25-sq-yard homeThe Income Tax Department has uncovered a large tax refund fraud racket. A 30-year-old woman allegedly created fake deductions worth crores...
- 10 bank transactions that can draw income tax attention even If you're not rich
- Salaried employee earning Rs 68 lakh donates Rs 12 lakh to political party, claims tax deduction; I-T dept denies it; he contests but loses in ITAT AhmedabadEmployee with Rs 68 lakh salary donated Rs 12 lakh to political party for Section 80GGC tax break; ITAT Ahmedabad upholds tax dept's order ...
- Lessors aim to reclaim SpiceJet aircraft due to increasing unpaid rentalsAircraft lessors are repossessing planes from SpiceJet after the airline failed to pay lease rentals. The finance leasing arm of Industrial...
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