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ITR AS PROOF OF INCOME
Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to do- Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT Mumbai
- ITR filing 2026: 5 benefits of filing income tax return besides paying taxes
- Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...02 Jun, 2026, 07.11 AM IST
- New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...30 May, 2026, 08.45 AM IST
- Wife’s MBA degree or past employment with MNCs can’t stop her from demanding maintenance, rules HCAn Allahabad High Court ruling states a wife's education or earning potential does not disqualify her from maintenance. The court considere...29 May, 2026, 08.16 PM IST
- Rs 13 lakh cash payment for credit card bill triggers tax notice; man wins case after ITAT accepts ‘family gift’ explanationA Mumbai man faced a tax notice for using Rs 13 lakh cash to pay his credit card bill. He explained the cash as gifts from his wife, father...01 May, 2026, 07.00 AM IST
- Can you apply for credit card without income proof?While income proof is often perceived as mandatory for credit cards in India, it's not always the case. Banks consider various factors beyo...28 Apr, 2026, 09.00 AM IST
- Tax on destination wedding outside India: Will income tax apply on gifts in form of cash, property, gold jewellery? Know the rulesWhether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...24 Apr, 2026, 03.38 PM IST
- Buying agricultural land near a city? Key income tax rules you must knowAn ITAT ruling clarified that stamp duty valuation doesn't define agricultural land status for income tax. The tribunal emphasized that off...11 Apr, 2026, 10.47 AM IST
- Deposited Rs 80 lakh cash during demonetisation: ITAT rejects property purchase claim, calls it unexplained incomeA Surat businessman's Rs 80 lakh cash deposit during demonetisation was deemed unexplained by ITAT Surat. The tribunal rejected his claim o...09 Apr, 2026, 05.57 PM IST
- Five big changes in Form 16, which is replaced by Form 130, that every salaried employee must knowForm 16 will be renumbered as Form 130 under the Income Tax Rules, 2026, effective from April 1, 2026. This change introduces a "Tax Year" ...01 Apr, 2026, 02.58 PM IST
- New income tax rules from April 1, 2026: From HRA relief to new ITR deadlines, key changes explainedNew income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing the 1961 act....01 Apr, 2026, 02.19 PM IST
- ITR filing 2026: Government releases ITR forms for AY 2026–27; check details of ITR-U and ITR-VNew Income Tax Return forms are now available for Assessment Year 2026-27. The updated ITR-U form allows taxpayers to correct past filings....31 Mar, 2026, 01.00 PM IST
- I gifted my wife Rs 10 lakh. Should I show it in my ITR or let her pay income tax on it?ET Wealth Reader's Query: I gifted my wife Rs 10 lakh, which she will report as “exempt income” in her ITR. If she invests this amount in a...21 Dec, 2025, 10.00 AM IST
- Filing a nil ITR: 6 unexpected benefits from getting a travel visa, loan, scholarship and moreBenefits of filing an ITR: There are multiple benefits of filing an income tax return (ITR). As per Swapnil Bhaskar, Chief of Strategy, Niy...09 Jul, 2024, 12.52 PM IST
- Income Tax Return Filing 2024: Steps to file ITR without form 16ITR filing: Some employees who receive a salary and self-employed individuals may not get Form 16. This can cause confusion when filing the...08 Jul, 2024, 02.16 PM IST
- HRA tax exemption: Are both rent receipts and rent agreement a must as income tax proofs?Documents for HRA tax exemption: To claim HRA from their employers, many salaried employees usually use either rent receipts or rent agreem...01 Apr, 2024, 10.48 AM IST
- What is a Nil ITR? Check out who is eligible for it and the benefits of filing a Nil ITRIf your income is below the basic exemption, then you need not file an income tax return. Despite this if you voluntarily file your ITR, it...16 Oct, 2023, 11.31 AM IST
- Claiming fake deductions, rent receipts while filing your ITR can lead to heavy penaltiesIt is important for individuals to ensure that they have proofs and required documents for all the deductions and tax exemptions claimed wh...10 Aug, 2023, 04.50 PM IST
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