Category: Income Tax

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-forms-updated-for-ay-2025-26-itr-1-itr-4-now-allow-reporting-of-two-properties-525138-2026-04-10 A key change this year expands eligibility, allowing taxpayers to report income from up to two house properties in ITR-1 and ITR-4. Earlier,

Clipped from: https://economictimes.indiatimes.com/wealth/tax/six-big-tds-tcs-changes-for-tax-year-2026-27-from-tds-on-nri-property-to-tcs-on-overseas-remittance-for-education-know-all-that-has-changed/articleshow/130081487.cms The Finance Bill, 2026 that was approved by Parliament a few weeks ago introduced several changes relating to Tax Collected at Source (TCS)

lipped from: https://www.financialexpress.com/money/day-count-key-for-returning-nris-to-avoid-tax-in-india-4203092/ They should restrict stay to 181 days to keep foreign income out of tax net Returning from West Asia? How Temporary Stays Can

clipped from: https://economictimes.indiatimes.com/wealth/tax/six-big-tds-tcs-changes-for-tax-year-2026-27-from-tds-on-nri-property-to-tcs-on-overseas-remittance-for-education-know-all-that-has-changed/articleshow/130081487.cms The Finance Bill, 2026 that was approved by Parliament a few weeks ago introduced several changes relating to Tax Collected at Source (TCS)

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/section-54f-relief-itat-hyderabad-grants-rs280-cr-tax-break-to-nri-in-rare-case-524032-2026-04-04 In a notable ruling, ITAT Hyderabad allowed an NRI to claim ₹2.80 crore exemption under Section 54F despite the property being registered in

Clipped from: https://www.financialexpress.com/money/cbdtnbspissues-new-circular-simplifying-din-referencing-in-income-tax-communications-4191882/ CBDT’s updated DIN guidelines clarify that income-tax notices will not be invalid for minor DIN defects after a new retrospective amendment shifting focus

Clipped from: https://www.financialexpress.com/money/itr-forms-out-for-fy-2025-26-when-will-e-filing-start-on-income-tax-portal-4191898/ ITR forms for AY 2026-27 are out, but taxpayers can’t file returns yet. Filing is expected to start around June only, while experts

The Central Board of Direct Taxes (CBDT) on March 31, 2026 withdrew the old 2019 DIN circular and notified a new 2026 DIN circular with

https://www.businesstoday.in/personal-finance/tax/story/how-rs17-lakh-rental-income-can-turn-tax-free-heres-how-taxable-income-gets-reduced-522932-2026-03-28 A rental income of up to ₹17 lakh per year may not attract any tax under the current framework, provided certain conditions are met.

Read more at: https://taxguru.in/income-tax/itat-deletes-addition-unexplained-income-cash-deposit-evidence-furnished.htmlCopyright © Taxguru.in Since the Respondent Company had proved all cash income by documentation showing that such cash was received on account of

Clipped from: https://www.business-standard.com/finance/personal-finance/income-tax-rules-2026-what-changes-for-credit-card-users-from-april-1-126032500747_1.html New reporting rules and mandatory PAN linkage will transform credit cards into transparent extensions of tax identities Effective April 1, 2026, credit cards