https://www.financialexpress.com/money/look-out-for-any-tax-notices-after-filing-your-itr-4301797 Received an Income Tax Intimation? How to Respond to Section 143(1) Notices & Tax Demands AFTER FILING THE income tax return (ITR), taxpayers receive the intimation
Month: July 2026
Your Queries on Income Tax: Leave encashment up to Rs 25 lakh on retirement is tax-free
https://www.financialexpress.com/money/your-queries-on-income-tax-leave-encashment-up-to-rs-25-lakh-on-retirement-is-tax-free-4301814 l I will retire from service after two years. How many days of leave can be encashed tax-free under the new wage rules? —Deepak
A nuanced monetary policy lens
https://www.financialexpress.com/opinion/a-nuanced-monetary-policy-lens/4301945 Can Raising Repo Rates Control Supply-Side Inflation? The Limits of Monetary Policy Economist Milton Friedman said that inflation is always a monetary phenomenon. This
*******Are gifts given to NRIs by relatives taxable? Here’s what you need to know about income tax and FEMA rules
Read more at:https://economictimes.indiatimes.com/wealth/tax/are-gifts-given-to-nris-by-relatives-taxable-heres-what-you-need-to-know-about-income-tax-and-fema-rules/articleshow/132617658.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/are-gifts-given-to-nris-by-relatives-taxable-heres-what-you-need-to-know-about-income-tax-and-fema-rules/articleshow/132617658.cms Picture an NRI receiving a gift worth lakhs of rupees from someone back home in India. Will it be taxable? The
*******Income tax dept rolls out foreign assets report on e-filing portal
https://www.financialexpress.com/money/income-tax-alert-new-e-filing-feature-helps-taxpayers-view-foreign-assets-report-4301417 FAST-DS 2026 will give resident Indians a six-month window to voluntarily disclose undisclosed foreign assets and income, with immunity from prosecution under the Black
Don’t discard these ITR documents for 6 years after filing, warn tax experts
https://www.financialexpress.com/money/income-tax/dont-discard-these-itr-documents-for-6-years-after-filing-warn-tax-experts/4300282 ITR filing AY 2026-27: Your Income Tax Return (ITR) may have been filed successfully, but your tax-related work isn’t over yet. Tax experts are of the
Families with fewer than 6 members not automatically eligible [ ineligible ? ] for Ayushman card? Here’s what govt says
Marriage registration alone isn’t enough: Gujarat HC says Hindu marriage is invalid without Saptapadi Read more at:https://economictimes.indiatimes.com/wealth/legal/will/marriage-registration-alone-isnt-enough-gujarat-hc-says-hindu-marriage-is-invalid-without-saptapadi/articleshow/132599253.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Can a family with fewer than six members
Marriage registration alone isn’t enough: Gujarat HC says Hindu marriage is invalid without Saptapadi
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/marriage-registration-alone-isnt-enough-gujarat-hc-says-hindu-marriage-is-invalid-without-saptapadi/articleshow/132599253.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/legal/will/marriage-registration-alone-isnt-enough-gujarat-hc-says-hindu-marriage-is-invalid-without-saptapadi/articleshow/132599253.cms A husband who had moved to the United Kingdom for job and study got a shock when the daughter of his
*******Opting for presumptive taxation while filing ITR? You may have to face tax audit; here’s what you must know
Read more at:https://economictimes.indiatimes.com/wealth/tax/opting-for-presumptive-taxation-while-filing-itr-you-may-have-to-face-tax-audit-heres-what-you-must-know/articleshow/132598575.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Freelancers, doctors, engineers, and other professionals who opt for a presumptive taxation scheme need to know that under this scheme, a taxpayer is permitted
*******Wife paid Rs 58 lakh from Indian bank a/c, husband paid Rs 80 lakh from UAE bank a/c for property purchase; she gets tax notice for unexplained investment, wins case in ITAT Mumbai for this reason
Read more at:https://economictimes.indiatimes.com/wealth/tax/wife-paid-rs-58-lakh-from-indian-bank-a/c-husband-paid-rs-80-lakh-from-uae-bank-a/c-for-property-purchase-she-gets-tax-notice-for-unexplained-investment-wins-case-in-itat-mumbai-for-this-reason/articleshow/132598784.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/wife-paid-rs-58-lakh-from-indian-bank-a/c-husband-paid-rs-80-lakh-from-uae-bank-a/c-for-property-purchase-she-gets-tax-notice-for-unexplained-investment-wins-case-in-itat-mumbai-for-this-reason/articleshow/132598784.cms When Mr and Mrs Saudagar from Mahim West, Mumbai purchased a property in India for Rs 1.4 crore, Mrs Saudagar landed
India in strongest credit growth phase since 2012 on robust corporate demand: Report
Read more at:https://economictimes.indiatimes.com/industry/banking/finance/india-in-strongest-credit-growth-phase-since-2012-on-robust-corporate-demand-report/articleshow/132578901.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Mumbai: India is witnessing its strongest phase of credit expansion since 2012 on the back of robust corporate borrowings, a foreign brokerage
*******How to file ITR-3 online on the Income Tax e-filing portal for AY 2026-2027
Read more at:https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-3-online-on-the-income-tax-e-filing-portal-for-ay-2026-2027/articleshow/132580088.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The due date to file an income tax return (ITR) for students, pensioners, salaried individuals, and others who are not liable for a tax
*******Need help with ITR filing? Check the ITR filing charges across various websites for AY 2026-2027 for students, salaried persons, pensioners and NRIs
Read more at:https://economictimes.indiatimes.com/wealth/tax/need-help-with-itr-filing-check-the-itr-filing-charges-across-various-websites-for-ay-2026-2027-for-students-salaried-persons-pensioners-and-nris/articleshow/132576217.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Synopsis Individuals can compare income tax return filing charges across several platforms. The deadline for filing is July 31, 2026, for many
*******Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax notices
Read more at:https://economictimes.indiatimes.com/wealth/tax/nri-son-gifts-shares-worth-rs-30-lakh-to-father-should-this-be-disclosed-in-itr-filing-what-taxpayers-must-do-to-avoid-income-tax-notice/articleshow/132575289.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/nri-son-gifts-shares-worth-rs-30-lakh-to-father-should-this-be-disclosed-in-itr-filing-what-taxpayers-must-do-to-avoid-income-tax-notice/articleshow/132575289.cms A son, who moved abroad for work, transferred shares worth Rs 30 lakh to his father through an off-market transfer, which
*******Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax notices
Read more at:https://economictimes.indiatimes.com/wealth/tax/nri-son-gifts-shares-worth-rs-30-lakh-to-father-should-this-be-disclosed-in-itr-filing-what-taxpayers-must-do-to-avoid-income-tax-notice/articleshow/132575289.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst A son, who moved abroad for work, transferred shares worth Rs 30 lakh to his father through an off-market transfer, which he
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