Month: July 2026

https://www.businesstoday.in/personal-finance/tax/story/itr-filing-8-costly-mistakes-salaried-employees-should-avoid-to-prevent-tax-notices-and-refund-delays-543420-2026-07-16 Filing an income tax return (ITR) is no longer as simple as copying salary details from Form 16. With the Income Tax Department relying on

https://www.businesstoday.in/personal-finance/tax/story/can-third-party-documents-alone-trigger-a-tax-demand-itat-explains-when-the-income-tax-department-can-act-543459-2026-07-16 The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has reiterated that the Income Tax Department cannot raise an addition for alleged undisclosed

https://www.financialexpress.com/money/income-tax-below-rs-10-lakh-in-cash-deposits-you-may-still-have-to-explain-them-to-income-tax-dept-4298189 Many people believe that as long as their total cash deposits stay below Rs 10 lakh in a financial year, they don’t have to worry about

https://www.financialexpress.com/money/income-tax/from-a-black-money-act-notice-to-rs-165764-in-tax-savings-how-a-mumbai-professional-fixed-his-global-portfolios/4297485 Under Indian tax rules, any individual whose total taxable income exceeds Rs 50 Lakhs must mandatorily disclose their global balance sheet under Schedule AL

Read more at:https://economictimes.indiatimes.com/markets/stocks/news/rs-91000-crore-wipeout-what-spooked-hdfc-bank-axis-bank-and-kotak-investors-even-as-credit-growth-picked-up/articleshow/132506463.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Nearly Rs 91,000 crore was wiped off the market value of HDFC Bank, Axis Bank and Kotak Mahindra Bank as stronger credit