Clipped from: https://www.financialexpress.com/money/itr-filing-2025-are-you-eligible-for-rs-60000-rebate-under-section-87a-heres-what-taxpayers-need-to-know-3928979/ The Income Tax Return (ITR) filing season is in full swing. Like every year, taxpayers while filing their ITRs grapple with issues related to forms, rules or
Author: Anil R Tikotekar
*******Error in ITR Utility: Penal interest is automatically getting added to taxpayers who don’t have to pay advance tax, check the details – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/error-in-itr-utility-penal-interest-is-automatically-getting-added-to-taxpayers-who-dont-have-to-pay-advance-tax-check-the-details/articleshow/122952229.cms Error in ITR Utility: CA says ITR utility software is calculating wrong Section 234C interest which may lead to tax notices, refund being
*The death of a banker: Navigating unbearable pressure and expectations
lipped from: https://www.business-standard.com/opinion/columns/the-death-of-a-banker-navigating-unbearable-pressure-and-expectations-125072700792_1.html When targets are overwhelming, senior management and customers are both impatient, and there is constant fear, not every banker has the resilience to
*SBI Card misses quarterly profit estimates as write-offs surge 32% | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/sbi-card-misses-quarterly-profit-estimates-as-write-offs-surge-32-125072501241_1.html The company said gross write-offs jumped 32 per cent from a year earlier to 12.80 billion rupees The country’s lenders are grappling with
Rodents, rain and riots: Is your car insurance actually covering it? | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/rodents-rain-and-riots-is-your-car-insurance-actually-covering-it-125072600815_1.html Vandalism and floods may be covered under standard policies, but repeated rodent damage or heat-related wear may lead to claim rejection. Experts explain
One nation, one KYC: Sebi shows the way, other regulators should follow | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/one-nation-one-kyc-sebi-shows-the-way-other-regulators-should-follow-125072700349_1.html Other regulators should follow Sebi’s lead in explicitly stating that once a client completes KYC with one intermediary, they shouldn’t have to repeat
What to avoid in a will: Unequal shares, coercion, vague language | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/what-to-avoid-in-a-will-unequal-shares-coercion-vague-language-125072401508_1.html All of the above can lead to intra-family disputes; anyone making a will who anticipates acrimony should use of a family settlement to
*SBI Card to discontinue Rs 1 cr air insurance on these cards: Check list | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/sbi-card-to-discontinue-rs-1-cr-air-insurance-on-these-cards-check-list-125072500816_1.html Complimentary benefit ends on August 11; SBI Card customers are advised to check new terms SBI CARD LOGO Listen to This Article SBI
Now file ITR-2 online with pre-filled data: A big relief for salaried taxpayers – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/now-file-itr-2-online-with-pre-filled-data-a-big-relief-for-these-taxpayers-3918475/ If you’ve been waiting to file your income tax return (ITR) under Form ITR-2, here’s some good news. The Income Tax Department has finally activated ITR-2 for
How to file ITR online: Step-by-step guide for e-filing income tax return for AY2025-26 – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/how-to-file-itr-online-step-by-step-guide-for-e-filing-income-tax-return-for-ay2025-26-3865728/ Though ITR filing can still be done via offline and online mode both, most taxpayers nowadays prefer filing ITR online using the Income
Income Tax Return Filing 2025: Which ITR should you file? Know types of forms
Clipped from: https://www.financialexpress.com/money/income-tax-return-filing-2025-which-itr-should-you-file-know-types-of-forms-3797643/ Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the taxpayer
Filing ITR without any CA help? Avoid making THESE 5 costly mistakes – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/filing-itr-without-any-ca-help-avoid-making-these-5-costly-mistakes-3896169/ Filing your Income Tax Return (ITR) for FY 2024-25? The deadline has been extended to September 15, 2025. Here’s how salaried individuals can
Return filing season likely to be longer due to structural changes in capital gains tax | Pune News – Times of India
Clipped from: https://timesofindia.indiatimes.com/city/pune/return-filing-season-likely-to-be-longer-due-to-structural-changes-in-capital-gains-tax/articleshow/122927865.cms Pune: Tax experts and chartered accountants are expecting a prolonged tax season for the fiscal year 2024-25 (Assessment year 2025-26) because of several
*’Income Tax Department’ among top keywords on Google Trends amid ITR filing rush – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-department-among-top-keywords-on-google-trends-amid-itr-filing-rush-3927645/ ‘Income Tax Department’ has been trending on Google Trends this July, especially in the last 15 days, due to the ITR filing season
*******What Form 10 IEA means for those rejecting India’s default tax regime – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/new-tax-rules-what-form-10-iea-means-for-those-rejecting-indias-default-tax-regime-486441-2025-07-26 Tax experts explain that Form 10-IEA is mandatory for taxpayers with business or professional income, particularly those filing under ITR-3 or ITR-4. Earlier,
*Is interest income taxable under New Tax Regime for senior citizens? Key details here – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/is-interest-income-taxable-under-new-tax-regime-for-senior-citizens-key-details-here-486445-2025-07-26 With income up to Rs 12 lakh now eligible for a rebate under Section 87A, many senior citizens may end up paying zero
*Govt cracks down on crypto tax evasion using AI, collects ₹437 cr from VDAs in FY23 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/indian-government-crypto-tax-compliance-ai-data-analytics-virtual-digital-assets-486476-2025-07-26 The AI tools helped the Income Tax Department collect Rs 437 crore from virtual digital asset (VDA) income in FY 2022–23 alone. To
Rs 437 crore tax collection: For crypto traders, evading income tax is getting difficult as Tax Dept uses AI, data analytics tools – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/rs-437-crore-tax-collection-for-crypto-traders-evading-income-tax-is-getting-difficult-as-tax-dept-uses-ai-data-analytics-tools/articleshow/122919681.cms In India, avoiding taxes on bitcoin, cryptocurrencies, and other virtual digital assets is becoming increasingly difficult. The Income Tax Department is increasing its efforts to monitor transactions
*****ITR 2 or ITR 3 -for Speculation Income – Income Tax
Clipped from: https://www.caclubindia.com/forum/itr-2-for-speculation-income-522376.asp Can we file ITR 2 for the person having income from Speculation of shars as well as LTCG & STCG on shares?What if