lipped from: https://www.businesstoday.in/personal-finance/tax/story/nil-itr-should-you-file-a-return-if-income-is-below-taxable-limit-absolutely-say-experts-485924-2025-07-23 Even if your income is below the taxable limit, filing an Income Tax Return (ITR) can offer major advantages. A Nil ITR helps
Author: Anil R Tikotekar
*Got an I T notice after filing your return? Here’s how to decode and respond fast – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-notice-response-after-itr-filing-485913-2025-07-23 Receiving an income tax notice after filing your ITR can be unsettling—but it doesn’t always signal trouble. With digitisation of tax data, even
*Missed this new July 23 tax rule? You might overpay capital gains on your ITR 2025 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/missed-this-new-july-23-tax-rule-you-might-overpay-capital-gains-on-your-itr-2025-485811-2025-07-23 Gold, debt, and other capital assets see their holding period for LTCG classification drop from 3 years to 2, with a unified 12.5%
Can I buy a new house with home loan and pay it off soon when my old house is sold? Will I get capital gain tax benefit? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/can-i-buy-a-new-house-with-home-loan-and-pay-it-off-soon-when-my-old-house-is-sold-will-i-get-capital-gain-tax-benefit/articleshow/122856299.cms I am trying to sell a 3-BHK flat that I own, but the sale is taking time. Meanwhile, the new flat I intend
1*******Discrepancy in AIS? Income tax department explains how to resolve it easily – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/ais-mismatch-in-itr-filing-heres-how-to-fix-it-as-per-income-tax-dept-guidelines-3922959/Over 1.62 crore taxpayers have so far filed their income tax returns (ITRs) this assessment year (AY2025-26). The Income Tax Department website shows that as many as 1.13
1*******AIS/26AS Mismatch May Trigger Tax Notices: What Taxpayer Should Know
Clipped from: https://taxguru.in/income-tax/ais-26as-mismatch-trigger-tax-notices-taxpayer.html Introduction Just last month, a client of mine—a schoolteacher—received an unexpected notice for underreporting interest income of only ₹1,000. She was shocked because
Relief to IT deductor, collector as deadline to avoid TDS/TCS defaults extended – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/relief-to-it-deductor-collector-as-deadline-to-avoid-tdstcs-defaults-extended/article69842747.ece CBDT introduces a two-month window for payments made on or after August 1 Income Tax Act mandates Aadhaar-PAN linking within prescribed timelines, failing
Public sector banks write off over ₹12 lakh cr in 9 years – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/public-sector-banks-write-off-over-12-lakh-cr-in-9-years/article69843289.ece Recruitment of over 48,000 employees currently underway at PSBs Banks write off non-performing assets (NPAs), including those for which full provisioning has been
Use a revised or updated income tax return to correct bogus deductions
Clipped from: https://www.business-standard.com/finance/personal-finance/use-a-revised-or-updated-income-tax-return-to-correct-bogus-deductions-125072100941_1.html Once scrutiny, surveys, or raids begin, correction options are no longer available One of the most exploited provisions is Section 10(13A), which permits
Tax refund scam alert: Don’t fall for that ‘manual verification’ email | Personal Finance – Business Standard
lipped from: https://www.business-standard.com/finance/personal-finance/tax-refund-scam-alert-don-t-fall-for-that-manual-verification-email-125072200446_1.html Government warns taxpayers about phishing attempts to gather their financial information PIB fact check Listen to This Article An email falsely claiming to
IBC enabled debt resolution of ₹26 trillion in 9 years, says Crisil | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/ibc-helps-resolve-bad-debt-worth-rs-26-trn-in-nine-yrs-125072201222_1.html The Insolvency and Bankruptcy Code (IBC) has led to the resolution of Rs 26 trillion in debt over nine years, creating significant deterrence
Credit Card in force stays flat in June; ICICI, Axis Bank cards decline | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/credit-card-in-force-stays-flat-in-june-2025-125072201440_1.html Credit card issuances remain flat in June 2025, with ICICI Bank and Axis Bank showing declines in card numbers, while overall spending drops
Lack of empathy in customer service driving complaints: RBI DG Swaminathan | Finance News – Business Standard
lipped from: https://www.business-standard.com/finance/news/lack-of-empathy-driving-customer-complaints-rbi-dg-swaminathan-125072201252_1.html ‘Systems respond with templated emails and helplines loop back endlessly’ Swaminathan J, Deputy Governor, RBI Reserve Bank of India (RBI) Deputy Governor Swaminathan
*******Discrepancy in AIS? Income tax department explains how to resolve it easily – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/ais-mismatch-in-itr-filing-heres-how-to-fix-it-as-per-income-tax-dept-guidelines-3922959/ Over 1.62 crore taxpayers have so far filed their income tax returns (ITRs) this assessment year (AY2025-26). The Income Tax Department website shows that as many as
*******Is filing ITR tougher this year? Experts decode new tax return forms, tax refund delays, and stricter scrutiny – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/is-filing-itr-tougher-this-year-experts-decode-new-tax-return-forms-tax-refund-delays-and-stricter-scrutiny/articleshow/122834140.cms Income tax refund As the tax filing season for FY 2024-25 (AY 2025-26) begins, taxpayers are preparing to file their Income Tax Return
What is Form 26AS, AIS and TIS in income tax? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-is-form-26as-ais-and-tis-in-income-tax/articleshow/122094661.cms What is Form 26AS, AIS and TIS in income tax? Form 26AS, AIS and TIS are a few key documents which taxpayers must view before
1-Comprehensive*******Understanding AIS and TIS in Income Tax Filing: Explained
clipped from: https://www.taxbuddy.com/blog/ais-and-tis-in-income-tax For many people, filing their income taxes is a rather difficult task. To file an accurate and compliant return and avert any prospective
How to Interpret AIS and TIS on the Income Tax Portal: A Comprehensive Overview
Clipped from: https://1finance.co.in/blog/how-to-interpret-ais-and-tis-on-the-income-tax-portal-a-comprehensive-overview/ Navigating through the income tax process can often be a daunting task, particularly with several tax-related documents involved. Two critical documents available on