Category: Income Tax

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

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

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

Clipped from: https://www.youtube.com/watch?v=a-hi7LW1ITk&ab_channel=IncomeTaxIndia

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

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,

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/dont-rush-to-choose-new-tax-regime-you-can-save-rs-1-lakh-under-old-system-486777-2025-07-29 The new tax regime may be offering lower rates. However, you might be overlooking Rs 1 lakh or more in potential savings by

Clipped from: https://economictimes.indiatimes.com/wealth/tax/nri-taxation-mutual-funds-capital-gain-tds-rules-stcg-ltcg-tax-rules-from-equity-debt-international-hybrid-mfs-and-others/articleshow/122972758.cms In FY 2024-25 (AY 2025-26), there were changes in the capital gain tax regime affecting almost all asset classes. The new capital gains

Clipped from: https://www.incometax.gov.in/iec/foportal/ais-faq Q-1 What is Annual Information Statement (AIS)? Annual Information Statement (AIS) is comprehensive view of information for a taxpayer.  The objectives of AIS

Clipped from: https://www.youtube.com/watch?v=7hKK8N_tO0Q&ab_channel=IncomeTaxIndia This video covers the best practices on filing Form ITR 3 along with frequently raised grievances and their resolutions for filing Form ITR

Clipped from: https://economictimes.indiatimes.com/wealth/tax/paying-rs-55000-rent-on-time-could-not-save-salaried-taxpayer-from-rs-1-lakh-penalty-for-missing-tds-know-why/articleshow/122955038.cms This salaried individual was asked to pay a tax penalty of Rs 1 lakh because he was paying Rs 55,000 as monthly house

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/wife-pays-no-income-tax-after-selling-2-houses-for-rs-6-crore-gifted-by-her-husband-wins-case-in-itat-mumbai-heres-how-it-happened/articleshow/122905982.cms No income tax for wife who sold two flats for Rs 6 crore (5.98) bought originally by husband for Rs 51 lakh total,

Clipped from: https://www.business-standard.com/finance/personal-finance/influencers-to-f-o-traders-here-s-what-itr-utility-update-means-for-you-125072800863_1.html From influencers to F&O traders, the Income Tax department’s revised ‘Nature of Business’ codes will affect how freelancers and professionals file their returns

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/new-regime-or-old-the-one-mistake-salaried-taxpayers-are-making-before-filing-returns-486528-2025-07-28 For the current filing (FY 2024–25), the old regime—despite being less promoted—can lead to significantly lower tax bills, especially for those with investments,

Clipped from: https://www.financialexpress.com/money/itr-filing-2025-are-you-eligible-for-rs-60000-rebate-under-section-87a-heres-what-taxpayers-need-to-know-3928979/ The Income Tax Return (ITR) filing season is in full swing. Like every year, taxpayers while filing their ITRs grapple with issues related to forms, rules or