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TAX DEMAND NOTICE
Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax noticesNRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of sha...23 Jul, 2026, 03.33 PM IST- ITR filing: Received Section 143(1) intimation with tax demand? Respond within 30 days or risk being treated as an ‘assessee in default’; know how to do itTaxpayers must respond to Section 143(1) intimations with tax demands promptly. Failure to respond within thirty days can lead to penalties...23 Jul, 2026, 12.54 PM IST
- Mercury Retrograde in Cancer 2026: Why are astrologers linking this rare cycle to summer 2020, and why could Cancer, Aries, Libra and Capricorn feel it most?Mercury Retrograde is back in Cancer, and astrologers say this cycle feels unusually emotional because the last similar transit unfolded du...22 Jul, 2026, 08.02 PM IST
- Eternal Q1 profit jumps 4x; Meta blocks Delhi protest contentEternal reported a significant jump in its revenue and profit for the first quarter of FY27. This and more in today’s ETtech Top 5.22 Jul, 2026, 07.59 PM IST
- ITR filing: Claimed capital gains exemption? The 3-year tax trap that may trigger income-tax noticesMany taxpayers wrongly believe that capital gains deposited in the Capital Gains Account Scheme (CGAS) become taxable only on withdrawal. T...22 Jul, 2026, 12.37 PM IST
- ITR filing: Got Section 143(1) intimation after filing your income tax return? Here’s what it meansAfter filing your Income Tax Return, you may receive a Section 143(1) intimation notice. This notice confirms the tax department's prelimin...21 Jul, 2026, 02.56 PM IST
- CBIC weighs centralised GST registration under one PANThe proposal seeks to address a longstanding industry demand by examining whether businesses operating across multiple states can be admini...21 Jul, 2026, 07.32 AM IST
- "Ask DMK why they are doing flip-flop": Congress' Karti Chidambaram on party's stand on delimitation bill"You have to ask the DMK for its reasons why they are doing a flip-flop. In my opinion, they are being enticed with this One Nation One Ele...20 Jul, 2026, 03.27 PM IST
- 7 big income tax changes for 2026-27 that may reduce penalties for small mistakesNew income tax rules aim to reduce penalties for ordinary citizens. Minor foreign asset non-disclosures will not face prosecution from Octo...20 Jul, 2026, 11.57 AM IST
- ITR filing: How Bitcoin, NFTs, airdrops, gifted crypto, and overseas wallets are taxed in India and how to report themIndia's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percen...20 Jul, 2026, 11.50 AM IST
- Samsung cuts US jobs, offers relocations ahead of HQ moveSamsung Electronics has reduced jobs in its United States consumer electronics divisions. Many workers in New Jersey and Texas were affecte...19 Jul, 2026, 10.08 AM IST
- ITR 2026: Common income tax return filing mistakes that cost employees lakhsA careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensur...16 Jul, 2026, 12.12 PM IST
- Online gaming firms move Supreme Court to review 28% GST verdictOnline gaming firms have asked the Supreme Court to review its recent judgment. This judgment upheld the 28% Goods and Services Tax on the ...14 Jul, 2026, 03.35 PM IST
- Bengaluru landowner sells 17 apartments, earns Rs 11.8 crore LTCG, pays no tax; I-T dept sends notices; he contests and wins in ITAT BangaloreLandowner sells 17 apartments, earns Rs 11.8 crore gains, paid no tax, reinvests gains into 5 properties; tax dept sent notice; he wins cas...14 Jul, 2026, 03.19 PM IST
- Jubilant FoodWorks gets GST demand notice for Rs 46.9 croreJubilant FoodWorks Ltd has received a GST demand notice for Rs 46.9 crore. The company stated it will challenge the GST department's notice...14 Jul, 2026, 03.12 PM IST
- Income Tax tribunal extends stay on Xiaomi India's Rs 10,833 crore tax demandThe Income Tax Appellate Tribunal has extended a significant tax demand stay. This stay now covers approximately ₹10,833.22 crore for Xiaom...14 Jul, 2026, 01.52 PM IST
- GST Tax officer can allege fraud first and prove it later, Rules Madras High Court; Why this matters to every taxpayerGST officers can now issue fraud notices with a reasonable basis. Proof of fraud is not required at the initial notice stage. Businesses mu...13 Jul, 2026, 10.32 AM IST
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