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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...- Wrong EPF joining or exit date? This small error can cost you big; Here’s how to fix it fastSmall errors in EPF joining or exit dates can cause major financial problems. These mistakes can delay fund withdrawals and even impact you...
- Lok Sabha approves Finance Bill, tax rules easedThe Lok Sabha approved the Finance Bill, introducing enhanced tax authority powers and changes to share buyback taxation, capping the surch...
- Investing in foreign stocks? Missing dividend reporting in your ITR could cost you 200% penalty; here’s how to fix it before it’s too lateIndian investors buying US stocks often overlook reporting dividend income, a common tax oversight. While foreign shares must be declared i...
- Got income tax notice or facing income tax scrutiny? Budget 2026 offers relief through revised, updated ITR, and immunity from prosecutionWith data analytics tightening the tax net, salaried taxpayers are increasingly facing income tax notices over small mismatches flagged thr...
- 16 transactions which tax dept gets to know via SFT returns; Report them now to avoid possible jail term for misreporting incomeBanks and financial institutions file the Specified Financial Statement (SFT) with the income tax department, detailing taxpayers' financia...
- Wall of lies? V.A. reported fake cuts to DOGE while real pain hit veterans hardThe U.S. Department of Veterans Affairs (V.A.) faced scrutiny for falsely reporting cost savings to the Trump administration's DOGE task fo...
- Salaried individual filing ITR? Advisable to wait till June 15ITR filing for salaried individuals: The last date to file income tax returns for salaried and other taxpayers (whose accounts are not requ...
- Salaried getting income tax notices for deductions of FY21-22 ITR: Watchouts for current ITRSalaried individuals have come under income tax department's scanner for making fake deductions claims in the income tax returns filed last...
- AT1 investors point to YES Bank governance issuesHowever, the bonds were written down on March 14 prior to the injection of funds by SBI which also happened on March 14 – a decision which ...
- One year later, PMC Bank depositors still struggling to get their money backPMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get ...
- President promulgates ordinance to bring co-operative banks under RBI supervisionThe Ordinance amends the Banking Regulation Act, 1949 as applicable to cooperative banks, an official statement said on Saturday. The amend...
- Prince Harry, Meghan's tell-all tops pre-order charts, will go 'beyond headlines' to dispell rumoursThe authors claim they will provide a glimpse into the lesser known aspects of their romance.
- Tips for a smooth income tax return filing experienceTaxpayers should keep in mind these tips to avoid penalties and ensure a smooth return filing process.
- Submitting fake bills to lower your tax liability? Tax department has ways to catch youWhile submitting proof for reimbursements make sure it is real and not fake as that would get you in serious trouble with the tax departmen...
- Lied in your tax return? You are liable, not your ITR preparer and here's how to save yourselfThousands of taxpayers file faulty tax returns. For that, the taxpayer is liable, not the ITR preparer.
- Cash flows from treasure chest to treasuryThis tax bump up is expected to show up in the December quarter along with the advance tax payments for that quarter but people have floode...
- Dialogue only option to tackle terrorism, says PakistanArmy completely supports the option of dialogue as the top priority to check terrorism and extremism in the country, Pakistan's Interior Mi...
- Now, companies stinting on provident fund can go scot-freeUnder the new rule, unless the names of employees who have been denied benefits can be identifified PF department can’t begin proceedings.
- Lodha Group asked to pay Rs 60 crore in taxesFollowing raids, Income Tax department revises Lodha Group's annual income to Rs 200 crore.
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