Category: Income Tax

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-return-revised-itr-vs-belated-itr-what-taxpayers-should-note-before-december-31-508071-2025-12-24 A revised or belated return must be filed by December 31 of the relevant assessment year, or before the tax authorities complete the

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/explainer-can-the-income-tax-department-access-your-e-mails-social-media-from-april-1-2026-507730-2025-12-22 According to PIB Fact Check, the claim misrepresents the scope of the law. The government has emphasised that there is no blanket or routine

Clipped from: https://economictimes.indiatimes.com/wealth/tax/gifts-to-daughter-in-law-are-tax-free-but-parents-in-law-pay-tax-on-income-why-budget-2026-should-fix-this-anomaly/articleshow/126103193.cms Listen to this article in summarized format Many taxpayers don’t realise that while gifts to a daughter-in-law are tax-free, the income generated from those gifts is

Clipped from: https://www.financialexpress.com/money/income-tax-your-income-tax-queries-answered-file-revised-returns-if-ais-is-showing-additional-income-4082988/ By filing a revised return, you can ensure that your income records are accurate and fully compliant with the Income Tax Department’s requirements.

Clipped from: https://www.business-standard.com/finance/personal-finance/what-people-got-wrong-in-filing-tax-returns-how-they-can-do-better-in-2026-125121900521_1.html Tax experts say that omissions, data mismatches, and common assumptions were the primary causes of defective returns, penalties, and delayed refunds this year,

Clipped from: https://economictimes.indiatimes.com/wealth/tax/intimidating-tone-by-i-t-dept-karnataka-ca-body-flags-income-tax-intimations-about-ais-mismatch-property-deal-foreign-asset/articleshow/126074449.cms Listen to this article in summarized format The Income Tax Department has sent intimations to many taxpayers in the past few days, nudging them about any

5.   170/2025 – Dated: 15-12-2025 – ITJurisdiction of Income tax Authorities Summary: Notification No. 170/2025, issued under section 120(1) and (2) of the Income-tax Act, 1961,

lipped from: https://economictimes.indiatimes.com/wealth/legal/will/real-estate-brokers-excel-sheet-triggers-rs-48-lakh-cash-payment-tax-notice-homebuyer-wins-relief-in-itat-ahmedabad/articleshow/125960284.cms On November 25, 2025, the Income Tax Appellate Tribunal (ITAT) Ahmedabad, held that if the source of funds from a property sale is clarified and qualifies

Digest of useful judgments – Volume 4 – 01.12.2025

Clipped from: https://www.financialexpress.com/money/bogus-tax-deductions-under-scanner-cbdt-flags-fake-donation-claims-warns-taxpayers-via-sms-and-email-4075802/ The CBDT has nudged taxpayers to voluntarily withdraw bogus deduction claims after uncovering fake donation rackets and suspicious intermediaries. The tax department says

Clipped from: https://taxguru.in/income-tax/bombay-hc-condones-2732-day-delay-electronic-filing-form-10b.html Borivli Education Society Vs CIT (Exemption) (Bombay High Court) The Bombay High Court addressed a petition filed by an educational society challenging the

Clipped from: https://taxguru.in/income-tax/leave-encashment-exemption-upheld-revised-cbdt-limit.html Devi Dutt Agarwal Vs Assessment Unit (ITAT Jaipur) Income Tax Appellate Tribunal (ITAT), Jaipur Bench, decided the appeal of an individual assessee against

Clipped from: https://taxguru.in/income-tax/itat-chennai-declares-reassessment-notice-invalid-violating-faceless-scheme.html Sappahire Educational & Charitable Trust Vs ITO (ITAT Chennai) The Income Tax Appellate Tribunal (ITAT), Chennai, considered appeals filed by Sappahire Educational &

Clipped from: https://taxguru.in/income-tax/telangana-hc-quashed-reassessment-notices-faceless-procedure.html Tecumseh Products lndia Private Limited Vs DCIT (Telangana High Court) The Telangana High Court heard a writ petition challenging notices issued under Sections