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INCOME TAX NOTICE FOR CASH PAYMENT
Returning from the UK? What to know before transferring your pensionThousands of Indian professionals returning from the UK often leave their pension untouched, facing risks due to misunderstandings of HMRC ...
Filing ITR? Here's what AIS and Form 26AS tell the income tax department about youAs taxpayers gear up for ITR filing in AY 2026-27, understanding the consolidated Form 168 (formerly AIS and Form 26AS) is crucial. This un...
The income your tax return doesn't need to include; 8+ types of tax-free income in India
Stock traders' alert: When income tax audit becomes mandatory for AY 2026-27Stock market traders, especially those involved in intraday and F&O trading without a registered business, need to understand tax audit rul...
Oyo IPO: How real is Oyo parent PRISM’s Rs 748 crore net profitOyo IPO: PRISM, formerly Oravel Stays, has reported a Rs 748 crore profit for the nine months ending December 31, 2025, a significant turna...
Spouse's FD, shares or gold? You may still have to pay tax under clubbing rules
ITR filing season AY 2026-27: Received Section 143(2) notice for AY 2025-26? What it means and how to respondAs Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why ta...
ITR filing deadline 2026: From July 31 ITR filing to TDS due dates; key forms you can't afford to missJuly marks crucial income tax deadlines for Indian taxpayers. The major deadline is July 31 for salaried individuals and pensioners to file...
Foreign investments in your portfolio? Follow this ITR checklist to avoid tax scrutinyResident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and ...
Husband has to pay income tax on wife’s earnings from FD, gold, shares under clubbing of income in these casesITR filing: Transferring investments to your spouse to save taxes is a common misconception. The Income Tax Department scrutinises fund sou...
Assam State Budget 2026-27: FINER suggests higher devolution share and tax net wideningAhead of Assam's 2026-27 State Budget, industry body FINER urges higher central fund devolution and tax net expansion. They praise the Prof...
Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...
No Form 16? Here's how salaried taxpayers can file ITR using AIS and Form 26AS for FY 2025-26Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate by June 15th. ...
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 DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
Income tax scrutiny: Who could receive a tax notice by June 30 and what to do if you've made a mistake
Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...