Clipped from: https://www.businesstoday.in/personal-finance/tax/story/why-should-only-cas-sign-tax-forms-icsis-bold-push-could-change-the-game-487523-2025-08-02 The current definition of “Accountant” under Section 288 of the Income Tax Act allows only CAs to represent taxpayers before income tax authorities
Month: August 2025
*******Onus on taxpayer to identify errors – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-onus-on-taxpayer-to-identify-errors-3934088/ Taxpayers must verify details in AIS, Form 26AS, and Form 16 before filing ITR to avoid errors and notices. Discrepancies should be corrected
*******Your queries | Income Tax on rental income to be paid by both owners as per share – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-your-queries-income-tax-on-rental-income-to-be-paid-by-both-owners-as-per-share-3934266/ Each co-owner is entitled to compute their share of income independently, claim deductions (such as Section 24 standard deduction or interest on borrowed
*****Onus on taxpayer to identify errors – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-onus-on-taxpayer-to-identify-errors-3934088/?ref=hometop_hp Taxpayers must verify details in AIS, Form 26AS, and Form 16 before filing ITR to avoid errors and notices. Discrepancies should be corrected
Comprehensive*******How to file ITR-1 online: A step-by-step guide for salaried taxpayers also having income from house property, LTCG and other source under new tax regime – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-1-online-a-step-by-step-guide-for-salaried-taxpayers-also-having-income-from-house-property-ltcg-and-other-source-under-new-tax-regime/articleshow/123057881.cms ET Online(Representative image) How to file ITR-1 online: A step-by-step guide for salaried taxpayers also having income from house property, LTCG and other
*****Misled by tax consultant, employee faces Rs 1.15 lakh penalty — ITAT Pune steps in to reverse it – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/misled-by-tax-consultant-employee-faces-rs-115-lakh-penalty-itat-pune-steps-in-to-reverse-it-487534-2025-08-02 A salaried employee was hit with a Rs 1.15 lakh penalty after his tax consultant filed inflated deductions without his knowledge. The ITAT
Supreme Court Questions Flaw in Registered Sale Deeds Executed via Power of Attorney, Refers Matter to Larger Bench [Read Judgement]
Clipped from: https://www.taxscan.in/top-stories/supreme-court-questions-flaw-in-registered-sale-deeds-executed-via-power-of-attorney-refers-matter-to-larger-bench-1428946 The Supreme Court has questioned the long-standing interpretation that allows agents under power of attorney to register sale deeds as executants The Supreme
Comprehensive*******Online ITR filing charges across six tax filing websites compared for AY 2025-26 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/online-itr-filing-charges-across-6-tax-filing-websites-compared-for-ay-2025-26/articleshow/123043619.cms ITR filing AY 2025-26: Comparative ITR filing charges across 6 tax filing platforms Individuals who are not liable for income tax audit have to file income
*7 ways to verify your ITR in 2025 — And why it’s more important than ever – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/7-ways-to-verify-your-itr-in-2025-and-why-its-more-important-than-ever-487417-2025-08-01 ITR filing 2025: Verifying your Income Tax Return (ITR) is now as important as filing it. In 2025, missing this crucial step within
*******Mismatch in returns? Why checking your AIS before filing ITR is must now – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/mismatch-in-returns-why-checking-your-ais-before-filing-itr-is-must-now-487298-2025-07-31 Before filing your ITR this year, reviewing your AIS (Annual Information Statement) is crucial to avoid mismatches and tax notices. AIS captures your
Comprehensive1*******Error in ITR-2 online utility: CA highlights technical bug which may lead to taxpayers with capital gains income, carry forward loss getting scrutiny notices later – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/error-in-itr-2-online-utility-ca-highlights-technical-bug-which-may-lead-to-taxpayers-with-capital-gains-income-carry-forward-loss-getting-scrutiny-notices-later/articleshow/123040021.cms CAs highlight about technical bugs on the utility due to which taxpayers with capital gains income, carry forward loss can get scrutiny notices
Comprehensive*******ITR filing 2025: Who can file ITR-2, who cannot file it for FY 2024-25 (AY 2025-26)? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-2025-who-can-file-itr-2-who-cannot-file-it-for-fy-2024-25-ay-2025-26/articleshow/123039779.cms ITR 2 details Taxpayers must select the appropriate Income Tax Return (ITR) form according to their financial profile and sources of income once
Comprehensive1*******Step-by-step guide on how to file ITR-1 using excel utility with non-taxable LTCG income, salary, others – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/step-by-step-guide-on-how-to-file-itr-1-with-non-taxable-ltcg-income-salary-others-using-the-excel-utility/articleshow/123011368.cms Step-by-step guide on how to file ITR with non-taxable LTCG income, salary, others using online e-filing ITR excel utility The Income Tax Return ITR-1 form
Comprehensive*******Want to stay off the income tax radar? Expert says never cross these limits then – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/want-to-stay-off-the-income-tax-radar-expert-says-never-cross-these-limits-then-487309-2025-07-31 Everyday transactions like large cash deposits or credit card payments can trigger an income tax notice if they exceed certain limits. Knowing these
aniltikotekar4sme.com 