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WEALTH TAX RETURNS
Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here's why lady won at ITAT Mumbai- Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reason
- Rs 85.3 lakh cash gifts from relatives deposited in bank trigger unexplained deposit income tax notice; taxpayer contests and wins case in ITAT Chennai
- ET Alpha Wealth Summit 2.0: Date, venue, speakers, agenda and registrationThe ET Alpha Wealth Summit 2.0 set to be held on October 8 at ITC Maratha in Mumbai. Leading investment experts will convene to discuss tre...04 Oct, 2026, 02.46 PM IST
- Son sells ancestral land for Rs 8 crore, buys 2 more properties; gets income tax notice but wins at ITAT Chandigarh: Know whyA family from Panchkula owned some ancestral land in a village. A member of this family sold his share of the the said land for Rs 8 crore ...03 Oct, 2026, 12.17 PM IST
- Rs 15,000 SIP made investors crorepatis in 15 years: These 30 mutual funds struck goldA Rs 15,000 monthly SIP grew to more than Rs 1 crore over 15 years in 30 of 138 equity mutual fund schemes analysed. Small-cap and mid-cap ...02 Oct, 2026, 10.56 AM IST
- Dubai NRI bought Rs 2.31 crore property, didn’t file ITR, got income tax notice; she fights back and wins in ITAT on these groundsMrs Chudamasa’s counsel argued that the AO had erred in treating Rs 2,31,20,000 as investment made during financial year 2017-18. He submit...02 Oct, 2026, 09.41 AM IST
- Medicine shop owner deposits Rs 2.47 crore cash in bank account, gets income tax notice for unexplained cash; wins case in ITAT Delhi for this reasonMr Kumar, a medicine shop owner had deposited Rs 2.47 crore cash in his bank account during demonetisation period, he got an unexplained ca...01 Oct, 2026, 10.41 AM IST
- Rs 9.91 lakh income tax refund for senior citizen after proving that he mistakenly paid income tax on tax-free bonds; ITAT Delhi order explainedMr Ajay Kumar Bakaya a senior citizen from Gurgaon faced a significant tax issue when he accidentally overpaid income tax on his tax-free b...30 Sep, 2026, 05.43 PM IST
- Can a Rs 50,000 monthly SIP build a Rs 10 crore corpus in 23 years? Expert suggests portfolio changesA 37-year-old investor with an annual income of Rs 14 lakh aims to achieve a Rs 10 crore corpus. He currently invests Rs 50,000 monthly thr...30 Sep, 2026, 11.46 AM IST
- Man paid lower income tax by setting off business loss against long term capital gains but received income tax notice; wins case in ITAT DelhiMan pays lower income tax by setting off business loss with long term capital gains but gets income tax notice; Wins case in ITAT Delhi. IT...30 Sep, 2026, 11.02 AM IST
- My NRI status changed. Will interest earned on my NRE FDs be taxable in India?ET Wealth reader's query: I was an NRI until FY2024–25. After relocating to India, my residential status changed to ‘resident’ from FY2025–...29 Sep, 2026, 12.45 PM IST
- How much money is considered rich in America? $2.3 million may be the benchmark, but where you live changes everythingThere is no number that suddenly makes a person rich. Still, Americans have a figure in mind. A 2025 Charles Schwab survey found that peopl...29 Sep, 2026, 12.57 AM IST
- Deadlines for income tax audit and ITR filing extended for AY 2026-2027 to these datesThe Central Government has extended the deadline for filing Income Tax Returns for the Assessment Year 2026-27. Taxpayers subject to audit ...28 Sep, 2026, 06.46 PM IST
- Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityTax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.28 Sep, 2026, 11.55 AM IST
- Hybrid funds are booming: Why some advisers prefer them while others remain cautiousTax efficiency and stability win some advisers over, but others fear giving up returns and control.28 Sep, 2026, 11.39 AM IST
- ETMarkets Smart Talk | 2-3 crore wealth creators could enter PMS: Sandeep Jethwani on PRIM and India’s wealth boomSEBI's new PRIM framework lowers the PMS entry limit to Rs 25 lakh, opening professional portfolio management to 2-3 crore Indian investors...28 Sep, 2026, 08.58 AM IST
- ETMarkets PMS Talk | From mutual funds to PMS: Brijesh Ved on where PRIM fits in India's evolving wealth landscapeAgainst this backdrop, SEBI’s proposed PRIM framework could potentially redefine what investors expect from a portfolio manager.28 Sep, 2026, 08.52 AM IST
- SEBI’s new PMS framework could potentially double industry size over time: APMI Chairman Vikas KhemaniSEBI’s revised PMS framework introduces PRIM, expands investment options and lowers the entry threshold to ₹25 lakh. Industry leaders expec...26 Sep, 2026, 12.11 PM IST
- Purchased property below market value, filed no ITR, got income tax notice, paid the tax but asked to pay Rs 70,000 penalty; ITAT Delhi gives full reliefRs 70,000 penalty imposed on man for buying property below market value even though he paid the due tax after getting a notice; ITAT Delhi ...26 Sep, 2026, 11.53 AM IST
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