lipped from: https://economictimes.indiatimes.com/wealth/tax/last-three-days-left-for-itr-filing-step-by-step-guide-on-how-to-file-itr-1-2-for-free-on-e-filing-itr-portal/articleshow/123869252.cms Last few days left for ITR filing; Step-by-step on how to file ITR 1, 2 for free on the e-filing ITR portal The
Day: September 13, 2025
*******Capital gains: Latest LTCG and STCG rates and holding periods for various assets for AY 2025-26 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/capital-gains-latest-ltcg-and-stcg-rates-and-holding-periods-for-various-assets-for-ay-2025-26/articleshow/123827541.cms Latest tax rate and holding period for various assets for LTCG and STCG for AY 2025-26 The capital gains income taxation has seen
*******He got Rs 89 lakh as gift from relatives; Tax dept doubted its genuineness, but ITAT Mumbai ruled in his favour: Here’s why – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/he-got-rs-89-lakh-as-gift-from-relatives-tax-dept-doubted-its-genuineness-but-itat-mumbai-ruled-in-his-favour-heres-why/articleshow/123845428.cms When Mr. Manwani filed his income tax return (ITR) for AY 2018-19 by declaring an income of Rs 98 lakh, he was issued a tax notice. The
*Wife pays no income tax after selling two houses for Rs 6 crore gifted by her husband, wins case in ITAT Mumbai; here’s how it happened – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/wife-pays-no-income-tax-after-selling-2-houses-for-rs-6-crore-gifted-by-her-husband-wins-case-in-itat-mumbai-heres-how-it-happened/articleshow/122905982.cms No income tax for wife who sold two flats for Rs 6 crore (5.98) bought originally by husband for Rs 51 lakh total,
*******Senior citizen investor asks: How do I maximise pension and FD income without paying extra tax? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-rules-senior-super-senior-citizens-ay-2025-26-deductions-exemptions-filing-493884-2025-09-13 For Assessment Year (AY) 2025-26, income tax regulations provide specific reliefs and benefits for senior citizens (aged 60–79 years) and super senior citizens
*******Income Tax law for senior citizens and super senior citizens: What’s new for AY 2025-26 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-law-for-senior-citizens-and-super-senior-citizens-whats-new-for-ay-2025-26/articleshow/123851488.cms Important aspects of Income Tax law that senior citizens and super senior citizens should know for AY 2025-26 A few months ago, the Income
*******Seven situations when gifts received by an individual are free from income tax – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/seven-situations-when-gifts-received-by-an-individual-are-free-from-income-tax/articleshow/123866052.cms 7 situations when monetary gifts received by an individual do not get taxed The Income Tax Department has recently released an updated brochure explaining the
Income Tax Return Filing Due Date 2025-26: Last-Minute ITR Guide, Documents Required to File ITR, Penalty for Late Filing
Clipped from: https://indianexpress.com/article/personal-finance/itr-filing-fy-2024-25-due-date-guide-documents-penalty-late-filing-10245431/ Income Tax Return (ITR) Filing Due Date: The extended due date for filing Income Tax Returns for FY 2024-25 is approaching. Ensure timely
*Wrongly Filed Updated Return Due to Consultant’s Error Cannot Justify Extra Tax
Clipped from: https://taxguru.in/income-tax/wrongly-filed-updated-return-due-consultants-error-justify-extra-tax.html Nararshabh Sharma Vs Assessing Officer (ITAT Pune) ITAT Pune: Wrongly Filed Return Due to Consultant’s Error – Matter Restored for Correct Assessment – Tribunal
*Regrouping of liabilities: ITAT Hyderabad deleted ₹7 crore Section 69 addition
Clipped from: https://taxguru.in/income-tax/regrouping-liabilities-itat-hyderabad-deleted-rs-7-crore-section-69-addition.html ACIT Vs Net Net Ventures Pvt. Ltd (ITAT Hyderabad) ITAT Hyderabad Partly Allows Revenue Appeal – Repayment to Net Net Web Treated as
*****Exceptional record – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/exceptional-record/article70041954.ece India’s external debt metrics are sound, with a few chinks After a close brush with a balance of payments crisis in 1991 and
*****Govt seeks monthly reports on pricing after GST rate cuts from Sep 22 | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/govt-seeks-monthly-reports-on-price-changes-after-gst-rate-cuts-from-sep-22-125091201334_1.html In the circular, which is seen by Business Standard, the CBIC directed principal chief commissioners to compile commodity-wise price data from trade associations
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