Kanpur guard earning Rs 10,000 got a Rs 3 crore GST notice last year, lost his job, still running from pillar to postKanpur security guard Om Shukla, who earns Rs 10,000 a month, says he was wrongly issued a Rs 3 crore GST recovery notice over a firm calle...
20 Aug, 2026, 02.14 PM IST
SC agrees to hear review pleas against 2022 verdict upholding ED powers under PMLAThe Supreme Court will hear review petitions challenging its 2022 judgment. These petitions question the Enforcement Directorate's powers u...
20 Aug, 2026, 01.59 PM IST
AI in finance: From crunching numbers to making decisions, how far can it go?Artificial intelligence is increasingly assisting in financial tasks and decision-making. Organisations report improved decision quality an...
19 Aug, 2026, 04.21 PM IST
Man constructs a house before selling his old property and claims income tax exemption under Section 54; Income Tax Department sends notice; he wins case in ITAT DelhiConstructs house for Rs 47 lakh in Tilak Nagar, sells old property in Paschim Viharfor Rs 53 lakh, pays no tax, tax dept sent notice, man w...
19 Aug, 2026, 12.26 PM IST
Income tax dept has identified suspicious entities that sent money abroad, launches verification drive; Know what to doBased on ground intelligence and analysis of data, Income tax dept Income tax dept has identified suspicious entities who sent money abroad...
19 Aug, 2026, 11.24 AM IST
- Responsible freedom
Freedom is a cherished virtue, yet it can be easily abused by individuals. Philosopher Paul described this internal conflict, questioning w...
19 Aug, 2026, 12.42 AM IST
SBI's error in depositing TDS cost landlord Rs 2.7 lakh in TDS credit; Landlord fights in ITAT Agra and wins the caseSBI paid Rs 40.62 lakh rent to three landlords but erroneously reported entire TDS against one landlord's PAN, leading to tax dept denying ...
18 Aug, 2026, 02.35 PM IST
Got Income Tax notice asking you to pay Rs 6,000 in tax? Check this warning from government’s fact check teamAttention taxpayers: a fraudulent Income Tax notice demanding a payment of Rs 6,000 has been detected online. The Fact Check team from the ...
14 Aug, 2026, 05.21 PM IST
NRI used NRE account to buy Rs 79 lakh property, got ‘unexplained cash’ tax notice; ITAT Ahmedabad grants full reliefNRI used money from his NRE bank a/c to buy property for Rs 79 lakh, files no ITR; tax dept sent notice for unexplained cash; he wins case ...
14 Aug, 2026, 01.24 PM IST
TTFI flags implications of suspension, urges Ministry to reconsider orderThe Table Tennis Federation of India requested the Sports Ministry to reconsider its suspension order. TTFI stressed the importance of its ...
13 Aug, 2026, 06.02 PM IST
Chennai property owners: Received a higher property tax notice? Here's what the revised GCC notice means and how to challenge itChennai property tax increased? Chennai property owners receiving higher tax demands need not panic. The Greater Chennai Corporation has cl...
13 Aug, 2026, 02.38 PM IST
Delhi High Court notice to Centre on 107-year-old Central Secretariat Club's plea against derecognition, evictionThe Central Secretariat Club faces eviction after its recognition was revoked by the Department of Personnel and Training. The Directorate ...
13 Aug, 2026, 01.13 PM IST
Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains whyRetired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as ta...
13 Aug, 2026, 11.17 AM IST
Property dealer deposits Rs 54 lakh cash in bank, files no ITR, gets tax notice, does not respond, wins case in ITAT Delhi; Know whyProperty buyers gave Rs 54 lakh to property dealer who deposited it in his own bank a/c; dealer gets tax notice, he fights and wins case in...
13 Aug, 2026, 11.16 AM IST
Man did not disclose UAE bank account and foreign shares in ITR, I-T dept imposed Rs 1.86 lakh penalty; He escalates the case but ITAT Delhi offers no reliefDubai connection: Man claimed friend sent money to Dubai Emirates NBD bank a/c to start business but didn't disclose foreign assets in Sche...
12 Aug, 2026, 11.03 AM IST
How should my NRI children disclose gifts received from relatives in ITR-2?ET Wealth Reader's Query: My two NRI children are unable to find a field in ITR-2 to disclose gifts received from relatives. The Income Tax...
11 Aug, 2026, 12.27 PM IST
Sold property for Rs 94 lakh despite a stamp value of Rs 1.93 crore, received an income tax notice under Section 50C; ITAT Chennai grants relief for this reasonChennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differe...
10 Aug, 2026, 05.24 PM IST