Clipped from: https://www.financialexpress.com/money/will-itr-deadline-extend-again-tax-experts-see-further-delays-after-system-failures-3903942/ Key income tax return utilities—ITR-2, ITR-3, ITR-5, ITR-6, and ITR-7 for Assessment Year (AY) 2025-26—are yet to be made available, leaving many filers
Day: July 5, 2025
Sold equities and want to pay less capital gains tax by using Securities Transaction Tax (STT)? Find out if you are eligible to do so – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/sold-equities-and-want-to-pay-less-capital-gains-tax-by-using-securities-transaction-tax-stt-find-out-if-you-are-eligible-to-do-so/articleshow/122251331.cms Sold equities and want to pay less capital gains tax by using Securities Transaction Tax? Find out if you are eligible to do
Flat booking cancellation and refund: Evaluate finances, do due diligence | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/flat-booking-cancellation-and-refund-know-rera-rules-before-buying-125070400926_1.html Homebuyers should understand RERA-based cancellation and refund rules before entering into a builder agreement, especially regarding earnest money and default timelines Some state
Ministerial group on GST discusses curbing ITC frauds, leakages by sector | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/ministerial-group-on-gst-discusses-curbing-itc-frauds-leakages-by-sector-125070401021_1.html The GoM also discussed state-specific policy suggestions for boosting revenue, and coordination between central and state tax administrations for plugging GST evasion The
These taxpayers find it easier to file ITRs Expert gives away tips on smooth filing of tax returns – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/these-taxpayers-find-it-easier-to-file-itrs-expert-gives-away-tips-on-smooth-filing-of-tax-returns-482987-2025-07-03 With the ITR filing deadline for AY 2025-26 extended to September 15, taxpayers, especially salaried individuals, are navigating significant changes in forms and
Missed TDS on rent? You could face Rs 1 lakh penalty like this salaried professional – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/tds-on-rent-payments-penalty-india-section-194ib-compliance-483135-2025-07-04 A routine rent payment turned into a financial nightmare for salaried professional, who was slapped with a Rs 1 lakh penalty for failing
Over 75 lakh ITRs filed but refunds could be slower this year, warn experts – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-2-itr-3-delays-impact-tax-filing-refunds-2025-483192-2025-07-04 Delays in releasing ITR-2 and ITR-3 forms are causing concern among taxpayers with more complex financial profiles, including those with multiple income sources,
Tax filing FAQs: ITR-2 delay, home loan deductions and capital gains guidance for AY 2025-26 – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-wait-for-new-itr-2-form-to-file-taxes-your-queries-answered-3903361/ Filing ITR 2 for AY 2025–26? Wait for the updated form as schema is pending. Pay pending tax on capital gains to avoid
*****ITR scrutiny notice: Income Tax Department looks at these parameters while selecting ITRs for scrutiny – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-scrutiny-notice-income-tax-department-looks-at-these-parameters-while-selecting-itrs-for-scrutiny/articleshow/122241215.cms ITR scrutiny notice: Know what are the parameters followed by Income tax dept about when an ITR will be selected for scrutiny The
Made a political donation? Income Tax Dept launches Tax Assist to help you respond to an income tax notice – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/made-a-political-donation-income-tax-dept-launches-tax-assist-to-help-you-respond-to-an-income-tax-notice/articleshow/122249070.cms Many taxpayers who have claimed deductions under Section 80GGC of the Income Tax Act, 1961, have received income tax notices. The Income Tax Department has enabled a
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