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Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAA- Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27
- Man sold unlisted shares, bought Rs 5.65 cr house, faced income tax scrutiny; he fought back and won in ITAT Delhi despite low income declaration
- 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...14 May, 2026, 12.52 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
- 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
- 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
- No arrest by income tax recovery officer if you have failed to pay pending tax demands; amended Finance Bill 2026The Ministry of Finance has removed the power of Tax Recovery Officers to arrest individuals for pending tax demands. This taxpayer-friendl...01 Apr, 2026, 04.42 PM IST
- Budget 2025: ITR portal glitches, Income tax notice management; other issues plague e-filing ITR portal; Experts urge FM to look into thisFlaw in ITR portal 2.0: Experts say there exists many flaws, glitches, etc with the e-filing ITR portal. Although these issues might seem s...31 Jan, 2025, 03.41 PM IST
- Will the government announce any tax benefits in NPS Vatsalya in Union Budget 2025?Union Budget 2025: NPS Vatsalya is an initiative aimed at helping parents plan for their children's financial security. However, there is n...23 Jan, 2025, 05.00 PM IST
- New feature added in ITR portal: Now you can file rectification request online for incorrect ITR processing even if it’s with the AOIncome tax return: Taxpayers can now file an online application for rectification of their ITR if it was incorrectly processed. However the...03 Jan, 2025, 06.44 PM IST
- Despite filing ITR successfully tax refund may not be credited into your bank account due to this issueIncome tax refund: No refund of income tax is given in case your name in the PAN and bank account is not the same. Even if there is a sligh...19 Jul, 2024, 01.25 PM IST
- Individuals get relief from income tax demand for short deduction of TDS due to inoperative PAN of deducteeTDS Notice: Individuals won't get income tax notice for failing to deduct a correct amount of TDS in cases where the deductee's PAN was in-...24 Apr, 2024, 11.27 PM IST
- TDS deduction: Why you must check status of PAN Aadhaar linking status of deductee on deduction date to avoid income tax noticeTax deducted at source (TDS): While it is important to deduct a correct amount of TDS in certain transactions, it is also important to chec...04 Apr, 2024, 10.15 AM IST
- Income Tax dept asks many individuals to explain high value transactions of FY20-21 as Updated ITR deadline nearsThe deadline to file updated income tax return (ITR-U) is March 31, 2024 for FY 2020-21 . In light of this deadline, the tax department is ...22 Mar, 2024, 10.55 AM IST
- Today March 15 is advance tax deadline: Has CBDT fixed inflated income data in AIS Compliance portal?Advance tax due date: March 15, 2024 is the due date for payment of advance tax for FY 2023-24. However recently the tax department made in...15 Mar, 2024, 05.26 PM IST
- Have you checked your advance tax liability? Pay by this date to avoid penaltiesAdvance tax: If your estimated tax liability for any given financial year after subtracting tax deducted at source (TDS) exceeds Rs 10,000 ...11 Mar, 2024, 10.13 AM IST
- No penal interest on TDS for crypto investors who failed to file the TDS return by May 31, 2023: CBDTVirtual digital assets tax: Purchaser of virtual digital assets (VDA) like Bitcoin (BTC), Ethereum (ETH), Solana (Sol), Algorand (Algo), Sh...08 Mar, 2024, 04.56 PM IST
- Tax demand waiver: Income tax dept can waive off demand above Rs 1 lakh in these casesIncome tax demand waiver: The Central Board of Direct Taxes (CBDT) has stated in a circular dated February 13, 2024 that the tax department...29 Feb, 2024, 11.18 AM IST
- Wait for unprocessed income tax refund to get longer; deadline extended by 3 monthsIncome tax refund: Individuals who have pending income tax refund due to the fact that their income tax return (ITR) was not processed by t...03 Feb, 2024, 03.16 PM IST
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