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ITR-3 release date: Who should file this income tax return form as I-T Department enables online filing, Excel utilities for itThe Income Tax Department has launched online filing and Excel utility for Income Tax Return-3 for Assessment Year 2026-27. This form is fo...
Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to doTenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...
227% return on SGB premature redemption today: Gold bond turns Rs 1 lakh investment into Rs 3.27 lakhThe Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond (SGB) 2021-22 Series-II, fixed at Rs 15,672 ...
ITR-2 online filing and excel utility for A.Y. 2026–27 are now enabled on the e-Filing ITR portalIndividuals and HUFs without business income but with complex income sources like salary, multiple house properties, or capital gains can f...
Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reasonA Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled...
Parliamentary panel expresses concern over investments in cryptocurrenciesA parliamentary panel has expressed alarm over thousands of crores invested in virtual digital assets. The committee is studying global app...
250% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.5 lakhThe Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond SGB 2020-21 Series-II, fixed at Rs 15,904 pe...
212% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.12 lakhThe Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series-VIII, allowing investor...
Elon Musk faces a mix of admiration and scrutiny during his China visit with US President Donald Trump; here's whyElon Musk is in China for a summit with President Xi Jinping. He faces a mix of admiration and scrutiny. While Tesla's electric vehicles in...
Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
382% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 4.82 lakhSovereign Gold Bond : The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bond SGB 2018-19 Series-III. Inve...
Key changes in ITR 1, 2, 3 and 4 forms in FY 25-26: Reporting of LTCG, buyback losses, F&O, intra-day trading & more; what new forms includeThe Income Tax Department has revised ITR forms for FY 2025-26, introducing new disclosure requirements for capital gains, trading, and for...
386% return on SGB final redemption date: Gold bond turns Rs 1 lakh investment into Rs 4.86 lakhThe Reserve Bank of India has announced the final redemption price for Sovereign Gold Bonds SGB 2018-19 Series-I, maturing on May 4, 2026. ...
295% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into nearly Rs 3.95 lakhSovereign Gold Bond; The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bond 2019-20 Series-VI. Investors ...
230% return on SGB premature redemption date: This gold bond has turned Rs 1 lakh investment into Rs 3.30 lakhThe Reserve Bank of India has set the premature redemption price for Sovereign Gold Bond SGB 2020-21 Series-I. Investors can redeem these b...
392% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 4.92 lakhThe Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond SGB 2018-19 Series-II, set at Rs 15,219 per ...
New Form 141 introduced for TDS filing: 4 existing forms merged into one challan-cum-statementThe Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form sim...
Tax queries answered by Dilip Lakhani, Senior Chartered AccountantEvery week, an expert selected by ET answers queries from our readers on income tax. This week, the queries include those HUF account, amon...
Tax queries answered by Dilip Lakhani, Senior Chartered AccountantEvery week, an expert selected by ET answers queries from our readers on income tax. This week, the queries include those on income declara...
- Govt to give 8% interest on PPFs closed between May 05-Dec 10
Govt said that PPF accounts of HUFs which were closed down between May 2005 and December 7 last year would get 8 per cent interest on the d...