Month: August 2026
Rs 2.33 crore cash withdrawn from bank and deposited months later? Income Tax questions why it is kept idle
https://www.financialexpress.com/money/rs-2-33-crore-cash-withdrawn-from-bank-and-deposited-months-later-income-tax-questions-why-it-is-kept-idle-4321167 The department questioned why such a large amount would be withdrawn without a clear purpose and then allegedly kept in cash for two-three months.
I’m a single parent and my only son is now a foreign national. I want to safeguard his interests and am wondering should I make him a co-owner of my properties—to reduce his paperwork, regarding inheritance?
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/should-i-make-my-foreign-national-son-a-co-owner-of-my-properties-for-inheritance/articleshow/133366802.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst etwealth@timesgroup.com Should I make my foreign national son a co-owner of my properties for inheritance? – The Economic Times https://economictimes.indiatimes.com/wealth/legal/will/should-i-make-my-foreign-national-son-a-co-owner-of-my-properties-for-inheritance/articleshow/133366802.cms
Man constructs a house before selling his old property and claims income tax exemption under Section 54; Income Tax Department sends notice; he wins case in ITAT Delhi
Read more at:https://economictimes.indiatimes.com/wealth/tax/man-constructs-a-house-before-selling-his-old-property-and-claims-income-tax-exemption-under-section-54-income-tax-department-sends-notice-he-wins-case-in-itat-delhi/articleshow/133339708.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr Kumar from Rajouri Garden, Delhi sold his property in Paschim Vihar for Rs 53 lakh, he did not pay any income
8 income tax notices that salaried employees can get after filing ITR; know what they mean and how to respond
Read more at:https://economictimes.indiatimes.com/wealth/tax/8-income-tax-notices-that-salaried-employees-can-get-after-filing-itr-know-what-they-mean-and-how-to-respond/articleshow/133365299.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Now that the deadline for filing income tax returns (ITR) on July 31, 2026, has passed for salaried employees, pensioners, students and others without