Clipped from: https://www.businesstoday.in/personal-finance/tax/story/this-simple-property-move-helped-save-rs127-lakh-tax-even-with-2-jointly-owned-flats-488742-2025-08-10 Sujit Bangar, founder of TaxBuddy, wrote on X that the ruling reinforces the principle that “joint ownership ≠ disqualification” for Section 54F benefits.
Category: Income Tax
*Can I get indexation benefit on renovation cost of my home without bill to save capital gain? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/can-i-get-indexation-benefit-on-renovation-cost-of-my-home-without-bill-to-save-capital-gain/articleshow/123184295.cms Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us
Can cash transactions cost you big in taxes? Understanding penalties, limits & more
lipped from: https://www.businesstoday.in/personal-finance/tax/story/can-cash-transactions-cost-you-big-in-taxes-understanding-penalties-limits-more-488477-2025-08-08 Section 40A(3) of the Income Tax Act is one of several provisions aimed at discouraging cash transactions beyond a prescribed limit. It disallows
Comprehensive*******FORM 3CD: Applicability, Format and Key Tax Audit Clauses
Clipped from: https://cleartax.in/s/form-3cd Form 3CD is the annexure provided with the tax audit reports Form 3CA and Form 3CB furnished by the Chartered Accountant under section
*******Tax Audit Forms 3CA, 3CB, 3CD & 3CE Explained – Tax2win
Clipped from: https://tax2win.in/guide/tax-audit-forms-3ca-3cb-3cd-3ce A tax audit is a detailed review of a taxpayer’s financial records conducted by a Chartered Accountant to verify compliance with income tax
*******Comprehensive Analysis of Tax Audit : Forms 3CA, 3CB, 3CD and 3CE
Clipped from: https://cleartax.in/s/tax-audit-form-3ca-3cb-3cd-3ce A tax audit means a Chartered Accountant reviews the business’s accounts and checks their compliance with income tax laws. Under Section 44AB, the accountant
*******‘Can I just show rent paid to parents and claim HRA?’: Why this tax hack can attract I T notice – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/can-i-just-show-rent-paid-to-parents-and-claim-hra-why-this-tax-hack-can-attract-i-t-notice-487948-2025-08-05 As tax season peaks, many salaried individuals are exploring ways to save — one popular tactic being to claim HRA by showing rent
*Promised a big refund? This income tax expert says it may come with a 200% penalty – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/promised-a-big-refund-this-income-tax-expert-says-it-may-come-with-a-200-penalty-487818-2025-08-05 The tactic is simple but risky: tax consultants inflate refunds by manipulating deductions or income figures and charge clients a cut—typically 10%—of the
*Freelancers, YouTubers, influencers: 5 tax traps you must avoid in AY 2025 26 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/freelancers-youtubers-influencers-5-tax-traps-you-must-avoid-in-ay-2025-26-487923-2025-08-05 As tax tracking tightens, freelancers and influencers must report all income — from UPI payments to brand deals — or risk penalties. Here’s
*******Filing ITR for AY 2025-26? Apply THIS smart trick to save big on taxes legally – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/filing-itr-for-ay-2025-26-apply-this-smart-trick-to-save-big-on-taxes-legally-3936301/ The government has made the new tax regime the default from the financial year 2023-24, that is, if you do not choose anything,
Comprehensive*******How to file ITR-2 for AY 2025-26 with salary, capital gains, foreign income and others; Here’s a step-by-step guide – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-2-for-ay-2025-26-with-salary-capital-gains-foreign-income-and-others-heres-a-step-by-step-guide/articleshow/123093504.cms Step-by-step guide on how to file ITR-2 for AY 2025-26 with salary, capital gains, foreign income and others online and with excel utility
*ITR filing deadline: What is the last date for filing returns for taxpayers not requiring an audit? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-deadline-what-is-the-last-date-for-filing-returns-for-taxpayers-not-requiring-an-audit/articleshow/123092769.cms The Income Tax Department has extended the deadline for filing income tax returns (ITR) for FY 2024-2025 (AY 2025-2026) from July 31, 2025,
Comprehensive1*******Section 44AA of Income Tax Act: Compulsory Maintainance of Books of Accounts
Clipped from: https://scripbox.com/tax/section-44aa/?utm_source=perplexity For most of the people carrying on a business or profession, maintenance of books of accounts has always been a trick question. There
Comprehensive*******What is Section 44AA of the Income Tax Act? | Angel One
lipped from: https://www.angelone.in/knowledge-center/income-tax/section-44aa-of-income-tax?utm_source=perplexity Ever filled out an income tax return? It can feel a bit like navigating a maze! There are sections, deductions, and exemptions –
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