Clipped from: https://economictimes.indiatimes.com/wealth/tax/my-wife-bought-a-flat-with-money-that-i-transferred-to-her-how-should-we-show-it-in-our-itr/articleshow/123521289.cms etwealth@timesgroup.com Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to
Category: Income Tax
*Joint FD with family? Here’s why it could mean a tax notice for you too | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/joint-fd-with-family-here-s-why-it-could-mean-a-tax-notice-for-you-too-125082201059_1.html Tax experts warn that Rule 114E (2) duplicates high-value deposits in AIS, leaving secondary joint holders like homemakers and seniors vulnerable to mismatch
*******Owning two houses but no rental income: Can you still file ITR 1, or is ITR 2 mandatory? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/owning-two-houses-but-no-rental-income-can-you-still-file-itr-1-or-is-itr-2-mandatory-490808-2025-08-23 Many taxpayers are confused about whether owning more than one house, without rental income, disqualifies them from filing ITR-1. Tax experts clarify that
Things to Remember This Tax Season – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/things-to-remember-this-tax-season/article69964803.ece Deadline has been extended to September 15, for individuals and HUFs not required to undergo a tax audit This year, the government has
*****Filing ITR for deceased, advance tax on extra income and capital gains on ancestral property – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-income-tax-legal-rep-has-to-file-last-itr-of-deceased-3954941/ This guide addresses common income tax queries, including the responsibilities of a legal representative for filing the last tax return of a deceased
*******Chartered Accountants caution joint bank account holders about this critical issue with tax rules that can lead to tax notices – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/cas-caution-joint-bank-account-holders-about-this-critical-issue-with-tax-rules-that-can-lead-to-tax-notices/articleshow/123423767.cms CAs highlight this critical issue with tax rules on joint bank a/c holders that can lead to unnecessary tax notices (representative image) O.P.
*****Capital gains tax hack: How one taxpayer avoided Rs 10 lakh in LTCG, but paid Rs 0; here’s how – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/capital-gains-tax-hack-how-one-taxpayer-avoided-rs-10-lakh-in-ltcg-but-paid-rs-0-heres-how-490342-2025-08-20 Capital gains tax on property depends on holding period—short-term sales (within 2 years) are taxed at slab rates, while long-term sales attract 12.5%
*******Making these common mistakes with ITR-2 and ITR-3 while using excel based utilities? Here’s how you can fix it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/doing-these-common-mistakes-with-itr-2-and-itr-3-while-using-excel-based-utilities-heres-how-you-can-fix-it/articleshow/122389389.cms Follow these four solutions to prevent corruption and other tax calculation mistakes with ITR-2 and ITR-3 excel based ITR filing utilities Now that
*This simple property move helped save ₹12.7 lakh tax, even with 2 jointly owned flats – BusinessToday
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.
*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
aniltikotekar4sme.com 