Homebuyer wins full refund with Rs 1.57 crore interest in MahaREAT as builder delays possession by 3 years, citing MHADA-MCGM disputeHomebuyers have won a significant victory as MahaREAT ruled a builder cannot use inter-authority disputes to justify possession delays exce...
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. ...
Income Tax department labels her stock market trader, denies investor status; she fights and wins Rs 54 crore capital loss claim at ITATDolly Khanna successfully challenged the tax department's classification of her Rs 54 crore short-term capital loss as a business loss. The...
Income tax scrutiny: Who could receive a tax notice by June 30 and what to do if you've made a mistake
Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the detailsIndividuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandato...
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...
ITR scrutiny alert: Income Tax Department identifies 6 categories of returns for mandatory scrutiny in FY 2026-27
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...
Airlines' fuel, vehicle replacement & roadways in focus as Cabinet announces key decisions worth Rs 30,290 croreThe Union Cabinet has approved significant development initiatives totaling Rs 30,290 crore. A key focus is providing Rs 10,000 crore in bu...
Varanasi shocker: Mother sells 12-year-old girl for Rs 16,000 and 10 saris; she was raped multiple times, forced to work as house helpA 12-year-old girl was allegedly sold by her mother for Rs 16,000 and 10 saris in Uttar Pradesh. She was then subjected to repeated sexual ...
Wars, recessions, political crises, market crashes. Warren Buffett’s advice on each of themWarren Buffett made a prediction in the mid-1990s he knew would come true: Berkshire Hathaway's future returns would fall short compared to...
Greater Noida property circle rate hiked by 3.58% and new road connectivity to Ganga Expressway proposed; Know how it impacts real estate investorsGreater Noida has seen a 3.58% increase in property circle rates, aligning with the Cost Inflation Index to encourage investment. A new 37-...
ITR intimation password: What is the password for ITR intimation under Section 143(1)?
Password to open income tax intimation notice under section 143(1)Tax intimation notice under section 143(1): After the Income Tax Department has reviewed a taxpayer's income tax return, it will get in tou...
What to do if intimation under section 143 (1) is received after filing ITR: How do I reply to income tax notice under section 143 (1)?How to read income tax intimation notice under section 143 (1): The intimation notice under section 143(1) of the Income Tax Act, 1961, wil...
A change in law means MSMEs have greater power in cheque bounce casesThe combined effect of sections 143 and 143A would mean that, not only the Drawee can impress and urge upon the trial court to expect a spe...
Clear up previous years' pending tax demands to ensure smooth refunds in futureCheck the status of previous years’ returns to avoid foregoing refunds because of pending demands.