Clipped from: https://economictimes.indiatimes.com/wealth/tax/step-by-step-guide-on-how-to-file-itr-1-with-non-taxable-ltcg-income-salary-others-using-the-excel-utility/articleshow/123011368.cms Step-by-step guide on how to file ITR with non-taxable LTCG income, salary, others using online e-filing ITR excel utility The Income Tax Return ITR-1 form
Category: Income Tax
Comprehensive*******Want to stay off the income tax radar? Expert says never cross these limits then – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/want-to-stay-off-the-income-tax-radar-expert-says-never-cross-these-limits-then-487309-2025-07-31 Everyday transactions like large cash deposits or credit card payments can trigger an income tax notice if they exceed certain limits. Knowing these
Mismatch in returns? Why checking your AIS before filing ITR is must now – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/mismatch-in-returns-why-checking-your-ais-before-filing-itr-is-must-now-487298-2025-07-31 Before filing your ITR this year, reviewing your AIS (Annual Information Statement) is crucial to avoid mismatches and tax notices. AIS captures your
*Planning to give ITR filing a miss? You must know the consequences – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/planning-to-give-itr-filing-a-miss-you-must-know-the-consequences/articleshow/122998645.cms The Central Board of Direct Taxes (CBDT) extended the due date for filing income tax return for FY 2024-25 (AY 2025-26) to September
Comprehensive*******Step-by-step guide on how to file ITR-1 using excel utility with non-taxable LTCG income, salary, others – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/step-by-step-guide-on-how-to-file-itr-1-with-non-taxable-ltcg-income-salary-others-using-the-excel-utility/articleshow/123011368.cms Step-by-step guide on how to file ITR with non-taxable LTCG income, salary, others using online e-filing ITR excel utility The Income Tax Return ITR-1 form
*******Invalid ITRs: Refunds restored, compliance fixed, burden eased for taxpayers; check details – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/invalid-itrs-refunds-restored-compliance-fixed-burden-eased-for-taxpayers-check-details-487097-2025-07-30 Previously, the deadline for processing such returns — most recently set as December 31, 2024, for Assessment Year 2023–24 — had expired. In
*ITR filing: How a taxpayer beat a Rs 1.46 lakh penalty despite false deductions – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-how-a-taxpayer-beat-a-rs-146-lakh-penalty-despite-false-deductions-487020-2025-07-30 A salaried employee who under-reported half his income due to misreporting by his CA, walked free from a Rs 1.4 lakh tax penalty
ITR 3 online filing – ITR 2025: Online filing of ITR 3 now enabled; check details on key updates on forms, utility – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-2025-online-filing-of-itr-3-now-enabled-check-details-on-key-updates-on-forms-utility-487010-2025-07-30 The ITR-3 form is intended for individuals and Hindu Undivided Families (HUFs) who are involved in a business or profession and are required
*******Limit of 60 Assignments per CA/Partner: ICAI Officially Notifies New Tax Audit Cap from AY 2026-27 [Read Notification]
Clipped from: https://www.taxscan.in/top-stories/limit-of-60-assignments-per-capartner-icai-officially-notifies-new-tax-audit-cap-from-ay-2026-27-1429018 These revised limits will supersede all previous guidelines on the subject and replace Chapter VI of the 2008 Council General Guidelines, which will
Comprehensive1*******Notice u/s 148 Issued After Expiration of 3 Years Without Permission From Pr. Chief Commissioner: ITAT Rules proceedings Invalid for Statutory Violation [Read Order]
Clipped from: https://www.taxscan.in/top-stories/notice-us-148-issued-after-expiration-of-years-without-permission-from-pr-chief-commissioner-itat-rules-proceedings-invalid-for-statutory-violation-1428986 The Tribunal quashed reassessment proceedings under Section 148 of the Income Tax Act, 1961, ruling them invalid due to the Assessing Officer’s failure
Have money abroad? IT dept’s new guide spells out what & how to report | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/have-money-abroad-it-dept-s-new-guide-spells-out-what-how-to-report-125073000959_1.html CBDT’s latest guide explains how resident Indians must disclose foreign income and assets in ITR this year, missed details can lead to penalties
*******Man, 75, gets I-T notice for a 10-year-old return: here’s what law says | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/man-75-gets-i-t-notice-for-a-10-year-old-return-here-s-what-law-says-125073001089_1.html Even time-barred income tax demands can resurface under specific provisions. Experts explain how to deal with them, especially for elderly taxpayers. A Reddit
*******ITR-3 online filing with pre-filled data finally enabled by income tax dept – Know who can use this form – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-3-online-filing-with-pre-filled-data-finally-enabled-by-income-tax-dept-know-who-are-eligible-3931388/ Finally, after 121 days into the new financial year, the Income Tax Department has enabled online filing with pre-filled data for taxpayers using the form
Comprehensive*******ITR alert: If you meet any of these 8 conditions, tax return filing is a must – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-alert-if-you-meet-any-of-these-8-conditions-tax-return-filing-is-a-must/articleshow/122992562.cms According to income tax laws, you have to file an income tax return if your gross taxable income goes over the basic exemption
Comprehensive*******Updated return filing via ITR-1 & ITR-2 now live on Income Tax portal for AY22 & AY23: What taxpayers should know – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-department-enables-updated-return-filing-for-these-two-years-check-details/articleshow/122991687.cms The Income Tax Department has now enabled utilities for filing updated income tax returns (ITR-U) in ITR-1 and ITR-2 for the assessment years (AY) 2021-22
*******ITR-3 enabled for e-filing: Income taxpayers with share trading, unlisted shares investment, professional, business, other incomes can now file ITR-3 online for AY 2025-26 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/online-itr-3-filing-enabled-income-taxpayers-with-share-trading-unlisted-shares-investment-professional-business-other-incomes-can-now-file-itr-3-online-on-incometax-gov-in/iec/foportal/articleshow/122986882.cms Kind Attention Taxpayers!Income Tax Return Form of ITR-3 is now enabled for filing through online mode. Visit: https://incometax.gov.in/iec/foportal/ The Income Tax Department has enabled online
Comprehensive1*******’I’m an NRI, I barely visit India… got I T notice’: Expert explains why it’s happening now – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/im-an-nri-i-barely-visit-india-got-i-t-notice-expert-explains-why-its-happening-now-486906-2025-07-29 More NRIs are receiving unexpected income tax notices from Indian authorities. Many are unaware that income from property, investments, or even bank accounts
Comprehensive*******Think inheritance is tax-free? Here’s what NRIs need to watch for in India | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/think-inheritance-is-tax-free-here-s-what-nris-need-to-watch-for-in-india-125072401061_1.html ‘NRIs often stumble over basics like title updates and taxes,’ says expert. Inheritance is tax-free, but rental income and gains can trigger TDS,
*Think gifting to your spouse saves tax? Big mistake. Here’s what the law says – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/think-gifting-to-your-spouse-saves-tax-big-mistake-heres-what-the-law-says-486726-2025-07-29 Under Sections 60 to 64, income transferred to a spouse, minor child, or even a Hindu Undivided Family (HUF) may still be taxed
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