Month: March 2026

Clipped from: https://www.taxscan.in/top-stories/itat-grants-deduction-under-section-54f-to-nri-residential-houses-outside-and-inside-india-considered-1443147?from-login=449965&token=RDWEB3CKNC41QUFKHYCNWTIHOJSA1LBG2KKOA AO had conducted an incomplete inquiry with regards to the deduction claimed under Section 54F. Principal CIT to reassess the claim considering the

Clipped from: https://www.financialexpress.com/money/woman-receives-rs-33-lakh-property-as-gift-gets-tax-notice-itat-explains-when-a-gift-becomes-taxable-4160087/ A woman with an annual income of just Rs 3.4 lakh received a property worth Rs 33 lakh through a registered gift deed

lipped from: https://www.business-standard.com/finance/personal-finance/forex-card-breach-prompt-reporting-can-secure-full-refund-if-no-negligence-126030100870_1.html When not travelling, lock the forex card, keep only a small balance, and switch on alerts Listen to This Article The recent breach

Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-matters-of-the-heart/article70655893.ece Should you opt for plan with unlimited sum insured? Q: My wife, Aaruhi (35), was recently diagnosed with a chronic heart condition. As

Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/nri-remittances-and-taxes/article70657685.ece Tax implications of NRI remittances and income for parents, including capital gains and interest taxation guidelines I am an Indian citizen and tax

Clipped from: https://taxguru.in/income-tax/38-important-income-tax-proposed-finance-bill-2026.html The Union Budget 2026–27 proposes wide-ranging amendments across the Income-tax framework to extend compliance timelines, expand correction windows, and recalibrate penalties and interest. Key changes

lipped from: https://taxguru.in/income-tax/reassessment-u-s-148-quashed-addition-recorded-reasonsentire-proceedings-held-invalid-itat-cuttack.html Arpita Jena Vs ITO (ITAT Cuttack) Reassessment u/s 148 Quashed Where No Addition Made on Recorded Reasons; Entire Proceedings Held Invalid – ITAT

Clipped from: https://taxguru.in/income-tax/reassessment-u-s-148-quashed-lack-tangible-material-bogus-ltcg-addition-u-s-68-deleted-itat-chandigarh.html Pawan Garg Vs ITO (ITAT Chandigarh) Reassessment u/s 148 Quashed for Lack of Tangible Material; Bogus LTCG Addition u/s 68 Deleted – ITAT

Clipped from: https://www.taxscan.in/top-stories/gift-of-property-share-from-husband-to-wife-eligible-for-capital-gain-exemption-but-clubbing-and-capital-gains-rules-apply-rules-itat-1421600?TRN300=CEBWzMSUsaUPKegAedYMcbWGACJDwuMKEGAvdYqxgJGMVUfcyMsKJIDqKMsAshMbVwAEDIMSSIeJMk&LKD333=3439104 Observing that the legal transfer of ownership through gift and the reinvestment of capital gains satisfied the conditions under Section 54, the ITAT

Clipped from: https://www.taxscan.in/wrongfully-seizure-of-nris-personal-belongings-by-customs-dept-delhi-hc-allows-to-avail-baggage-rule-benefits/500299?TRN300=CEBWzMSUsaUPKegAedYMcbWGACJDwuMKEGAvdYqxgJGMVUfcyMsKJIDqKMsAshMbVwAEDIMSSIeJMk&LKD333=3439147 The Court ordered that the petitioner’s gold item that had been confiscated by customs officers could be returned to the petitioner or any