ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
11 Jun, 2026, 07.43 AM IST
Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
03 Jun, 2026, 12.30 PM IST
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
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
Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regimeSalaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...
13 May, 2026, 04.59 PM IST
Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both reg...
05 May, 2026, 05.27 PM IST
Can I claim LTCG exemption in same year if I buy a property before selling existing one?ET Wealth Reader's Query: Will buying an apartment before selling the existing one still allow me to claim long-term capital gains exemptio...
05 May, 2026, 04.15 PM IST
Husband takes Rs 25.06 lakh loan in wife’s name, runs off with car, jewellery & then seeks maintenance; HC slaps Rs 15 lakh cost on him for false affidavitA husband took Rs 25.6 lakh personal loans in his wife's name, spent the money on a lavish lifestyle, and fled with her car and jewellery. ...
25 Apr, 2026, 08.01 AM IST
Filing ITR just got easier: This new AI chatbot helps with income tax queries, forms and rules; check detailsThe Income Tax Department has launched Kar Saathi, an AI chatbot on its revamped portal to simplify tax filing. This tool offers 24/7 assis...
09 Apr, 2026, 04.30 PM IST
ITR filing: 4 disclosures you need to be ready with in new financial yearIndia’s tax department has rolled out updated ITR forms for FY 2025–26, introducing tighter disclosure norms while keeping the overall stru...
06 Apr, 2026, 12.00 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
Last 2 days left for ITR filing; Step-by-step guide on how to file ITR 1, 2 for free on e-filing ITR portalWith the ITR filing deadline approaching on September 15, 2025, individuals need to file their income tax returns promptly to avoid late fe...
14 Sep, 2025, 01.36 PM IST
How to file ITR-2 for AY 2025-26 with salary, capital gains, foreign income and others; Here's a step-by-step guideTaxpayers with income from salary, capital gains, or unlisted equity shares can file ITR-2. For AY 2025-26, the ITR-2 excel utility has six...
04 Aug, 2025, 03.58 PM IST
Four critical changes in ITR filing process this year that you should knowIf you are trying to file your income tax return in the last minute, then there are certain changes in the process of filing income tax ret...
30 Jul, 2023, 11.55 AM IST
Do you need professional help in filing ITR? Here's how much it will cost youMost taxpayers are not aware of the finer points of taxation. A professional can ensure you file an error-free return. Here are things to c...
23 Nov, 2020, 11.54 AM IST
Ultra-rich must declare cost price of expensive assets: CBDTThe luxury items to be disclosed will also include utensils, apparels and furnitures studded with precious stones and ornaments.
04 May, 2016, 02.56 PM IST