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TAX PAYMENT DISCREPANCY
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...- Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
- ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
- Digital arrest: How India’s fastest-growing scam uses fake investigations and video calls to siphon off croresThey pose as the police, put you under ‘digital arrest’, and tether you to a video call till your savings are gone. How India’s fastest gro...
- 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 ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...
- Could you be missing a critical June 2026 tax deadline? Check these essential TDS, Form 16, STT and advance tax requirements before it's too lateJune 2026 income tax deadlines are closer than many taxpayers realize. Form 16 issuance, TDS deposits, advance tax payments and STT reconci...
- Maharashtra's Ladki Bahin beneficiary count drops by 80 lakh after verification driveAround 80 lakh women are now ineligible for the Mukhyamantri Majhi Ladki Bahin Yojana. The Opposition claims this is due to a financial cri...
- Wife’s MBA degree or past employment with MNCs can’t stop her from demanding maintenance, rules HCAn Allahabad High Court ruling states a wife's education or earning potential does not disqualify her from maintenance. The court considere...
- Filing your ITR early for AY 2026–27? Why you should wait till June 15With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...
- Your monthly spend also decides how soon you can retire: Expense tracking apps, AI tools are changing how Indians investExpense-tracking apps, spreadsheets, Artificial Intelligence (AI) -generated analysis, and budgeting dashboards are not merely bookkeeping ...
- Who can file ITR-1 this year? Common mistakes to avoid while filing ITR-1 for AY 2026-27 on or before July 31, 2026Individuals eligible for ITR-1 filing for AY 2026-27 must file by July 31, 2026. This form is for resident individuals with income up to ₹5...
- Property or problem? The hidden legal traps haunting India’s property owners: Here’s how to navigateProperty ownership in India, once a symbol of security, now presents significant legal challenges due to unclear titles and disputes. Buyer...
- Social Security update: The reason April stimulus payments may be less than usual for AmericansSocial Security payments April 2026 look higher but feel smaller for millions. Over 75 million Americans depend on these monthly benefits. ...
- Canon India gets interim relief as Delhi HC stays coercive measures in Rs 2.24 crore GST disputeThe Delhi High Court has shielded Canon India from coercive actions by revenue authorities concerning alleged excess input tax credit (ITC)...
- #Concerts trending in I-T dept: Glare on event managers; 11 cos get notices for underreporting of incomeThe Income Tax Department is probing over a dozen event management companies for suspected tax evasion and underreporting of income from ov...
- You may end up getting income tax notice if this document is filled with errorIn November 2021, the income tax department has launched the AIS. It may happen that you have forgotten to check it before filing ITR. What...
- You don't even have 0.77999999999883585 per cent chance to escape GST scrutinyGST officers have started sending notices to companies whose payment did not match the final return, after an underpayment of nearly 34 per...
- Trader gets GST notice for 17-pt decimal errorThe discrepancy was based on the sales (GSTR-1) and purchase (GSTR-3B) return forms submitted by him from October 2017 to December 2017.
- 70% IT refunds elusive to tax payersAccording to senior taxmen, they reject an overwhelmingly large number of eligible cases every year for what they call the incidence of mis...
- Ruling on royalty payments to cut India Inc’s tax billCorporate India can now breathe a bit easy. Payment for any information sent to an Indian company from a foreign technology collaborator ne...
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