Searched for
PRESUMPTIVE INCOME
ITR filing for FY 2025-26: Key changes in due dates, ITR forms, and F&O disclosure rules taxpayers must know- 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 Chennai
- Invested in US stocks directly and made forex gains due to depreciating Rupee? Know how to compute tax on forex gains and report it in ITR
- Key changes in ITR 1, 2, 3 and 4 forms in FY 25-26: Reporting of LTCG, buyback losses, F&O, intra-day trading & more; what new forms includeThe Income Tax Department has revised ITR forms for FY 2025-26, introducing new disclosure requirements for capital gains, trading, and for...09 May, 2026, 11.00 AM IST
- US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...04 May, 2026, 11.32 AM IST
- From ₹1K gigs to ₹70 lakh hustle: Techie quits moonlighting to reclaim LifeA young platform engineer from a tier-3 college revealed his intense moonlighting journey, juggling two remote roles to earn Rs 70 lakh ann...21 Apr, 2026, 06.13 PM IST
- CIC flags lack of tracking system for tax evasion complaints, urges GST authorities to improve transparencyThe Central Information Commission has urged GST authorities to implement a system for tracking tax evasion complaints. Currently, complain...15 Apr, 2026, 06.26 PM IST
- Income Tax Dept tightens disclosure norms under presumptive taxation schemeStarting from the assessment year 2026-27, a new mandate will compel taxpayers utilizing the presumptive taxation system to reveal their ba...15 Apr, 2026, 12.40 AM IST
- New ITR forms alert: Secondary address field added, what taxpayers must knowNew Income Tax Return forms are here for Assessment Year 2026-27. A key change is a new field for a secondary address. Contact details are ...13 Apr, 2026, 02.01 PM IST
- New ITR forms for AY 2026-27: NRIs opting for new presumptive income scheme have to make this separate disclosure additionallyNew ITR forms for AY 2026-27 mandate Non-Resident Indians (NRIs) opting for the presumptive income scheme to separately disclose gross rece...10 Apr, 2026, 12.37 PM IST
- Declaring business or F&O income below 6% of turnover? Tax audit report may be mandatoryTraders declaring business or F&O income below 6% of their turnover may face a mandatory tax audit. This rule applies even if turnover is b...09 Oct, 2025, 01.03 PM IST
- Budget 2025: Presumptive tax may cover emerging techThe February 1 budget may expand the presumptive tax regime to include sectors like data centres, AI, and green technology, raising the tur...28 Jan, 2025, 05.30 AM IST
- Should you be a salaried person or consultant if your annual income is Rs 60 lakh?The Budget 2023 has proposed many changes in the new tax regime and presumptive taxation scheme. The proposed changes have asked the indivi...09 Mar, 2023, 04.27 PM IST
- Presumptive taxation eligibility limits enhanced for professionals and MSMEsEarlier MSMEs with annual turnover up to Rs.2 crore and Professionals with income up to Rs.50 lakh were allowed to go for presumptive taxat...03 Feb, 2023, 08.07 PM IST
- Partnership structures' presumptive income could come under taxman's lensPartnership structures, which are considered effective for taxation purposes, are set to attract the tax department’s attention after the M...09 Jan, 2021, 02.14 PM IST
- Over 5.08 crore ITRs for 2019-20 filed till January 5Over 38 lakh ITR-2 (by people having income from residential property) were filed till January 5, 2021. ITR-5 (by LLP and Association of Pe...06 Jan, 2021, 07.51 PM IST
- CBDT releases ITR Form-4 for presumptive income from business and professionITR 4 is to be filed those individuals and HUFs who have opted for presumptive income scheme for income from business and profession in the...10 May, 2018, 01.36 PM IST
- FAITH hands over GST representation to Ministry of FinanceFAITH has asked to have a GST rate of 5% closest to the current rate and if not possible then 12% for rent a cabs.24 Mar, 2017, 06.07 PM IST
- Budget 2016: Fewer tax hassles for professionalsProfessionals will now be able to file taxes via a simpler ITR-4S form instead of the lengthier ITR 4.01 Mar, 2016, 03.35 AM IST
- MoF reviews tax hike for truckersNEW DELHI: In what may turn out to be Yashwant Sinha's first tax proposal roll back, the Finance Ministry is reconsidering the hike in pres...07 Mar, 2002, 12.23 AM IST
Load More
