Searched for
TAXPAYER INFORMATION
GST returns, overseas investments, off-market stock deal come under AISThe Income Tax Department is set to enhance its Annual Information Statement by incorporating additional data. This revision extends to GST...- Rs 34.8 lakh difference in price and stamp duty added to husband's income for taxation despite jointly owned property - ITAT Mumbai calls it 'not justified'A husband and a wife bought a flat jointly for Rs 60 lakh, however, the stamp duty value stood at Rs 94.8 lakh, leading to a difference of ...
- Gamer invested Rs 2.61 crore to play online rummy and poker games; loses net Rs 28 lakh, files ITR reporting Rs 4 lakh income; gets tax notice; he wins case in ITAT BangaloreGamer invested Rs 2.61 crore to play online Rummy, poker games; loses net Rs 28 lakh, stops playing, files ITR reporting Rs 4 lakh income; ...
- Foreign income disclosed in ITR-U: Why it could still trigger Black Money Act - FAST-DS 2026 ParadoxFAST-DS 2026 raises an important question for taxpayers who have voluntarily disclosed foreign income through a valid ITR-U. Can such incom...
- Parliamentary panel flags compliance glitches on new income tax act, seeks more data from CBDTA parliamentary committee has identified compliance issues with the new Income Tax Act. They are seeking detailed data from the CBDT on its...
- No more hush-hush: Tax portal opens door to misconduct complaintsThe Income Tax portal now allows taxpayers to report misconduct. A new tab enables complaints against officers for sexual harassment or bri...
- In 2012, Chicago’s Railroad Retirement Board found new life for 3,200 pounds of electronics through reuse and recycling; the effort lifted waste diversion nearly 10%The U.S. Railroad Retirement Board successfully recycled over 3,200 pounds of electronic waste. This achievement was driven by federal prog...
- In 2006, Portland converted 45,000 streetlights to LEDs. 20 years later, its streetlights and signals use 66% less energy and save the city $1.5 million every yearTwo decades after 2006, Portland’s lighting story offers a useful lesson for cities considering their own energy transitions. The important...
- Land(ing) in trouble: ₹8,500 cr property deals under taxman's scannerTransactions were either not reported, were undervalued or had suspected benami ownership; deals span bulk land purchases, agri land & othe...
- ITR filing August 31, 2026, deadline today: Due date for AY 2026-27; Check who must file returnITR filing deadline: Taxpayers with business or profession income must file their returns today. This deadline applies to those using ITR-3...
- Trump effect? Canadian broadcaster tells journalists not to call 9/11 a terrorist attack ahead of 25th anniversaryIn a recent development, Canadian broadcaster CBC has reportedly advised its journalists to refrain from referring to the 9/11 events as a ...
- Tax notice in a deceased person's name? Don't ignore it; here's what legal heirs should doDid someone close to you leave behind unresolved tax responsibilities? Explore how heirs can address income tax notices, file overdue retur...
- Have undisclosed foreign assets or income? Know the extra tax cost if you miss FAST Scheme 2026's December 31 deadlineIndia's FAST Scheme 2026 provides a unique opportunity for taxpayers to declare foreign assets. This voluntary disclosure window closes on ...
- Rs 5.31 lakh income tax refund denied as taxpayer did not claim it in the original ITR; he approaches ITAT Delhi and wins the case to get tax refund with interestRs 5.31 lakh tax refund denied as it was not claimed in the original ITR but in the subsequently filed Section 148 ITR; ITAT Delhi orders t...
- Karol Bagh man had foreign bank accounts, FD in Singapore, no ITR disclosure; income tax dept sent black money notice, but ITAT Delhi cancelled the notice for this reasonBlack money notice sent to man with Singapore FD and current bank a/c in his name and no ITR declaration; Know how he won case in ITAT Delh...
- Missed reporting of overseas bank accounts, ESOPs, and foreign assets in Schedule FA of ITR? FAST-DS offers a chance to come cleanThere is an important caveat: the Black Money Act provides relief from Schedule FA penalty for certain foreign assets, other than immovable...
- Can the IRS EITC 2026 really deliver up to $8,231? Check these income and child rules before filing Form 1040The IRS EITC 2026 can put up to $8,231 back into the hands of eligible workers. But it is not a payment for everyone. Your earned income, f...
- IRS final notice of Intent to Levy: What 30 days means before the IRS can seize money or propertyThe IRS Final Notice of Intent to Levy is a serious warning. It can come before the IRS takes money or property to collect an unpaid tax de...
- GST registration for big businesses: Centre, states work on uniform documents for faster approvalsIn a bid to enhance efficiency, tax authorities are crafting standardized guidelines for GST registration applications. This effort targets...
- Foreign Asset Disclosure Scheme 2026: From budget proposal to rollout - what residents and NRIs need to knowThe Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 has moved from Budget proposal to implementation. This article explains its t...
Load More
