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TAX CHANGES FOR INDIVIDUAL TAXPAYERS
Man paid lower income tax by setting off business loss against long term capital gains but received income tax notice; wins case in ITAT DelhiMan pays lower income tax by setting off business loss with long term capital gains but gets income tax notice; Wins case in ITAT Delhi. IT...- Could an IRS notice mean up to $1,000 for your retirement in 2027 and what do you need to do now to qualify for the new match?The IRS is mailing notices about a retirement benefit that will not start until 2027. The letter does not mean a $1,000 payment is coming n...
- Why is your $1,390 IRS payment missing? What Americans need to know about the payment rumor and Trump’s $2,000 tariff dividendIRS relief payment and $2,000 tariff dividend: Rumors of a new federal stimulus check are circulating online again. Digital posts and unsol...
- Delhi man filing ITR found ₹79 crore unidentified income linked to PAN: Tax details show a Mumbai firm was using his credentials. Know what you should do in this situationA Delhi resident found that his PAN and identity information were used to register a fraudulent business. The GST registration, linked to a...
- A Donald Trump campaign message has returned to Television, and taxpayers are now picking up the billThe 30-second video is strikingly similar to an ad used during Trump’s 2024 presidential campaign. In the narration, Trump vows to remove p...
- Deadlines for income tax audit and ITR filing extended for AY 2026-2027 to these datesThe Central Government has extended the deadline for filing Income Tax Returns for the Assessment Year 2026-27. Taxpayers subject to audit ...
- Can you save tax by gifting money to your HUF? How Section 99 changes the tax equationMoney or property gifted by a member to an HUF may not be taxable in the HUF’s hands because of the “relative” exemption. But the tax conse...
- FD rate up to 8.3% for senior citizens investing for three years; know the list of banksFor senior citizens aged 60 and above, numerous banks are offering fixed deposit interest rates as high as 8.5%. Jana Small Finance Bank ha...
- Fruit seller deposited large amount of cash in bank, got income tax notice of unexplained income; won case in ITAT Bangalore for this reasonIn Bangalore, Mr. Ramachandrababu found himself facing an income tax notice over unexplained cash deposits in his bank account. However, hi...
- Purchased property below market value, filed no ITR, got income tax notice, paid the tax but asked to pay Rs 70,000 penalty; ITAT Delhi gives full reliefRs 70,000 penalty imposed on man for buying property below market value even though he paid the due tax after getting a notice; ITAT Delhi ...
- Some workers could get full Social Security at 60 under new bill - here’s who may qualify and what you need to knowRep. Haley Stevens has introduced the Blue Collar Social Security Fairness Act to Congress this week. This bill allows eligible workers in ...
- Mumbai movie tickets may get costlier: BMC proposes 500% hike in theatre tax on cinema hallsMumbai theatre tax news: Brihanmumbai Municipal Corporation has proposed a substantial increase in theatre tax for cinema halls and enterta...
- Good news: Property purchase from NRIs gets easier as govt amends Form 141; check how it helpsFrom October 1, 2026, Indian property buyers can buy properties from non-residents without getting a TAN. Instead a new system has been lau...
- US citizen received Rs 30 lakh income tax demand notice in India, was denied India-US DTAA relief due to a mistake: Know how she won at ITAT DelhiRs 30 lakh income tax demand notice and India-US DTAA benefit denied to US citizen; she fights and wins case in ITAT Delhi; Know how
- BRICS economies must shape global tax rules for next generation, says FM SitharamanFinance Minister Nirmala Sitharaman said BRICS countries need to ensure their views are reflected in the new global tax rules, as decisions...
- Rs 14.42 lakh Belgium salary of IT pro triggered tax demand in India after Form 67 was missed; ITAT Bangalore gives reliefEmployee with Rs 14.42 lakh salary pays Rs 4.53 lakh income tax in Belgium and asks for credit under the India-Belgium DTAA; Income Tax Dep...
- New York energy rebate checks 2026: Who is eligible, when will you get it and how much?New York has begun mailing POWER energy rebate checks to eligible taxpayers in 2026. Payments range from $100 to $200 depending on filing s...
- Missed ITR deadline and TDS refund is due? Know how to claim your refund before it’s too lateMissed the ITR filing deadline? Don't panic! You might still claim your TDS refund. Learn about filing belated returns, potential fees, int...
- Income Tax Rules 2026 amended: CBDT revises Form 169, Form 171; extends these deadlinesThe Central Board of Direct Taxes has rolled out significant amendments to income tax regulations for 2026, particularly affecting electron...
- No more tax wishlists? FM Sitharaman asks experts to make the case for what should goFinance Minister Nirmala Sitharaman urged tax professionals and industry bodies to move beyond demands for exemptions and rate cuts, asking...
Load More- Delhi man filing ITR found ₹79 crore unidentified income linked to PAN: Tax details show a Mumbai firm was using his credentials. Know what you should do in this situation
