Searched for
DIFFERENT TYPES OF ITR STATUSES
French proverb of the day: 'At the end of the chess game, both the king and the pawn go back into the exact same box...' A timeless lesson on why power and wealth does not define a personThe French proverb of the day, “At the end of the chess game, both the king and the pawn go back into the exact same box,” uses the game of...
What crypto investors need to know for tax season 2026India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including tran...
GIFT City investment: Here’s how resident Indians can invest in global stocks, ETFs, and mutual fundsIndian investors can now access global stocks, mutual funds, and bonds through GIFT City, India's first smart city and International Financ...
Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
Over 11,000 people evacuated ahead of missile test in Odisha's CandipurResidents of Balasore district in Odisha were temporarily evacuated ahead of a scheduled missile test by DRDO. Over 11,000 people from 11 h...
Psychology says the people whose personalities seem to soften most dramatically in their 50s haven’t gotten weaker: They’ve finally realized the protective armor they built at 20 is costing more energy than it’s worthIn their middle age, many people radiate a comforting softness that some might misinterpret as weakness. However, research points to an ong...
ITR scrutiny alert: Income Tax Department identifies 6 categories of returns for mandatory scrutiny in FY 2026-27
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...
Quote of the Day by Takeo Doi, the Japanese psychoanalyst behind ‘Amae’: ‘Every language is a vast pattern-system, different from…’ - how The Anatomy of Dependence author explained the hidden link between language and consciousnessQuote of the Day by Takeo Doi suggests language profoundly influences our understanding of the world. The Japanese psychoanalyst highlighte...
Qualified but not working? HC denies maintenance to doctor wife, says she can’t burden husbandThe Allahabad High Court has ruled that a qualified wife, capable of earning but choosing not to work solely to burden her husband, can be ...
Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...
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 declarationMr. Bansal successfully appealed a tax demand after claiming Section 54F exemption on Rs 7.59 crore long-term capital gains from unlisted s...
Psychology says people who speak less carry more authority because talking is how most people seek approval, and the absence of having to prove yourself registers as power no amount of articulation can replicateIn many contexts, authority is misinterpreted as verbosity. Research in social psychology suggests that those who speak less, employ strate...
Waiting for Form 16? Here’s when employers may issue it for AY 2026-27 ITR filingSalaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form ...
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...
Why should these taxpayers avoid filing ITR before June 15th for AY 2026-2027Taxpayers are advised to delay filing their Income Tax Returns for AY 2026-2027 until after June 15th. This allows for the accurate updatio...
ITR filing 2026: 5 benefits of filing income tax return besides paying taxesFiling your Income Tax Return is more than just a tax duty. It acts as a vital financial record. It helps in getting loans approved. You ca...
Worked in the US, UK or Canada? Form 40 can help Indians defer income tax liability on foreign pension accountsIndian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By fili...
You have heard of State-Sponsored Hackers, but ever heard of Hacktivists? Know about these 10 types of cyber hackersExtremely skilled at handling computer software and hardware, hackers are categorised into various types depending on their intent and purp...
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...