Clipped from: https://www.cnbctv18.com/personal-finance/income-tax-return-filing-new-launch-taxassist-campaign-itr-notice-support-19630316.htm Taxpayers can access TAXASSIST through the department’s e-filing portal. The helpdesk guides users on how to respond to communications received from the tax
Month: July 2025
Managing Section 143(2) Income Tax Scrutiny Notices for AY 2024–25: A Guide for Tax Practitioners with Checklist for Taxpayers
Clipped from: https://www.taxscan.in/top-stories/managing-section-1432-income-tax-scrutiny-notices-for-ay-202425-a-guide-for-tax-practitioners-with-checklist-for-taxpayers-1426630 The Income Tax Department has issued a flurry of Income Tax Scrutiny Notices for the Assessment Year 2024-2025, owing ITR-Form 26AS-AIS Mismatches The
Will ITR deadline extend again? Tax experts see further delays after ‘system failures’ – Money News | The Financial Express
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
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
Several structural, operational and systemic challenges continue to hold back full potential of logistics sector: Report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/several-structural-operational-and-systemic-challenges-continue-to-hold-back-full-potential-of-logistics-sector-report/article69767796.ece The Indian supply chain remains disconnected and siloed, with poor coordination among suppliers, distributors, platforms and transporters (l-r) Arun Kumar, President of AMTOI
Potential growth stays at 6.5% – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/potential-growth-stays-at-65/article69769523.ece One has to focus on long-term drivers of growth, including the saving-investment rates and the ICOR Indian economy: Growth drivers | Photo Credit:
India’s current account deficit manageable, but financing needs monitoring
clipped from: https://www.business-standard.com/opinion/columns/india-current-account-deficit-manageable-but-financing-needs-monitoring-125070301380_1.html The spectre of higher tariffs imposed by the US means export prospects, including for India, will be subdued in 2025 We expect crude
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