Day: June 25, 2025
*******Received salary from two employers in FY 2024-25? Here’s how to file your ITR correctly – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/received-salary-from-two-employers-in-fy-2024-25-heres-how-to-file-your-itr-correctly-3892254/ Here’s a simple step-by-step guide to help you file your ITR correctly, reduce errors, and stay compliant while maximising your eligible tax benefits.
*******Can you legally claim both HRA and home loan interest deductions in ITR? Here’s what income tax rules say – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/can-you-legally-claim-both-hra-and-home-loan-interest-deductions-in-itr-heres-what-income-tax-rules-say-3892319/ ITR Filing AY 2025-26: One common question most taxpayers grapple with every year when they file their income tax return (ITR) is if
*******New ITR rules: Penalty up to 200% on claiming false deductions – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-new-itr-rules-penalty-up-to-200-percent-on-claiming-false-deductions-3890837/ Even small errors in filing ITR can lead to a big trouble. Here are some common mistakes that you should avoid. Even if
*******Documents for ITR filing FY 2024-25 (AY 2025-26): Eight documents you need to file income tax return – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/documents-for-itr-filing-fy-2024-25-ay-2025-26-eight-documents-you-need-to-file-income-tax-return/articleshow/122040555.cms The last date to file income tax return for FY 2024-25 (AY 2025-26) has been extended from July 31, 2025, to September 15, 2025, by
*******Income Tax tightens Scrutiny on Big Spenders: Here’s How to Avoid Notices on High Value Transactions
Clipped from: https://www.taxscan.in/top-stories/income-tax-tightens-scrutiny-on-big-spenders-heres-how-to-avoid-notices-on-high-value-transactions-1425747 Taxpayers are urged to be diligent, accurate, and transparent in their disclosures in ITRs As the income tax return (ITR) filing season for FY 2024-25
*******Income Tax Rectification: Time Limits and Grounds for Seeking Rectification u/s 154
Clipped from: https://www.taxscan.in/top-stories/taxscan-360-income-tax-rectification-time-limits-and-grounds-for-seeking-rectification-us-154-1425778 The Supreme Court has clarified that mistakes requiring long-drawn arguments or where two opinions are possible do not fall within the ambit of