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Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...- 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. ...
- ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
- Steering wheel malfunction in new car leads to accident during family trip; owner fights and wins Rs 18.23 lakh refund, Rs 4 lakh compensation in consumer forumA car buyer has won a significant victory after a nearly three-year legal battle. His seven-month-old MG CVT automatic car experienced Elec...
- 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...
- Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
- Why should these taxpayers avoid filing ITR before June 15th for AY 2026-2027Taxpayers are advised to delay filing their Income Tax Returns for AY 2026-2027 until after June 15th. This allows for the accurate updatio...
- Quote of the day by Leonardo da Vinci: 'The greatest deception men suffer is from...' - life lessons on self-awareness, avoiding self-deception through critical thinking and why you can’t trust your own thoughts by The Mona Lisa and The Last Supper artistQuote of the day by Leonardo da Vinci: The renowned Renaissance artist and thinker, cautioned against the perils of personal opinions. He b...
- Quote of the Day by Mark Twain: ‘The difference between the almost right word and the right word is…’ - Why people reread texts after hitting send, explained by the father of American literatureQuote of the Day by Mark Twain is on thoughtfulness and emotional conversation. He believed the difference between an almost correct word a...
- Delhi’s new traffic challan rules: Higher Lok Adalat payments, licence suspension for repeat offenders, what changesDelhi Traffic Challan Lok Adalat: Delhi traffic offenders now face a pay-first, argue-later system. To contest a challan, motorists must de...
- Delhi Lok Adalat Token Date: Check direct link for token registration, courts where it will be held, eligible challans and moreThe Delhi State Legal Services Authority is organizing a National Lok Adalat on May 9, 2026, to resolve pending cases and minor traffic vio...
- How to download AIS, TIS for ITR filing FY 2024-25 (AY 2025-26)Indian taxpayers can now easily access their financial data through the Annual Information Statement (AIS) and Taxpayer Information Summary...
- What is Form 26AS, AIS and TIS in income tax?Taxpayers must review Form 26AS, AIS, and TIS before filing income tax returns. The Annual Information Statement (AIS) offers a detailed vi...
- Firing at Delhi's Tis Hazari court, no injuries reportedBullets were fired in the Tis Hazari court premises on Wednesday, police said, adding that two groups of lawyers were allegedly involved in...
- ITR filing: What does Taxpayer Information Summary (TIS) in Annual Information Statement contain?The Taxpayer Information Summary (TIS), which contains significant summaries of the taxpayer's information, is a crucial element of the AIS.
- SoftBank-backed Grab raising $856 million from Japanese investorsGrab, backed by SoftBank Group Corp , said it will use the funding to offer lending, insurance and wealth management products and services ...
- MHA closely monitoring Delhi situation, police submits reportThe Union Home Ministry on Tuesday received a report from Delhi Police on the clash between lawyers and police at the Tis Hazari court comp...
- How cops prevented escape of 150 inmatesAmidst a violent clash between the police and lawyers at Tis Hazari court, 150 hardened criminals could have been out on streets if it were...
- Tatas to sell e-learning solutions unit for Rs 80 croreThe sale is part of Tata Group’s strategy to streamline its diverse portfolio by exiting small, not so profitable, and non-core businesses.
- Delhiites may soon get traffic alerts via SMSThe Delhi government is planning to install a hi-tech traffic information system (TIS) that will alert commuters about jams and help them a...
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