Clipped from: https://www.businesstoday.in/personal-finance/tax/story/capital-gains-tax-changes-stock-market-taxation-gets-complex-what-investors-traders-should-know-493779-2025-09-12 Since July 23, 2024, the government has tightened capital gains taxation, impacting both casual investors and active traders. Short-term capital gains (STCG) from
Category: Income Tax
*******ITR deadline Sept 15: Taxpayers grapple with tech glitches; I T dept advises this for smooth filing – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-deadline-sept-15-taxpayers-grapple-with-tech-glitches-i-t-dept-advises-this-for-smooth-filing-493812-2025-09-12 With just days left before the September 15 ITR filing deadline, taxpayers are facing portal glitches and delays due to the late release
*Online ITR filing charges across popular websites for AY 2025-26 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/online-itr-filing-charges-across-popular-websites-for-ay-2025-26/articleshow/123843505.cms ITR can be filed directly on the income tax department’s e-filing portal free of cost, either on your own or with the help
*Reassessment based on mechanical 148A(d) order without speaking reasons invalid
Clipped from: https://taxguru.in/income-tax/reassessment-based-mechanical-148ad-order-speaking-reasons-invalid.html Indus Valley Promoters Ltd. Vs DCIT (ITAT Delhi) Mechanical Reopening – No Reasons, No Reassessment- Blank 148A(d) Order Invalidates Reassessment: ITAT Delhi -Speaking
*******AIS mismatch – ITR filing 2025: How taxpayers can fix AIS mismatches; lessons from a Rs 5 lakh error case – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-2025-how-taxpayers-can-fix-ais-mismatches-lessons-from-a-rs-5-lakh-error-case-493556-2025-09-11 A ₹5 lakh mismatch in a taxpayer’s Annual Information Statement (AIS) highlights how small errors can trigger tax notices. Tax Buddy explains how
*******Capital Gains Taxation under JDAs: Section 45(5A) vs Section 67(14)–(16)
Clipped from: https://taxguru.in/chartered-accountant/capital-gains-taxation-jdas-section-455a-vs-section-6714-16.html Capital Gains in Joint Development Agreements – A Comparative Analysis of Section 45(5A) (Income Tax Act 1961) and Section 67(14)–(16) (Income Tax Act,
*******Facing mismatch in Form 26AS, AIS, and Form 16 while filing ITR? Here’s what you can do – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/facing-data-mismatch-in-form-26as-ais-and-form-16-while-filing-itr-heres-what-you-can-do/articleshow/123785983.cms Facing mismatch in Form 26AS, AIS, and Form 16 while filing ITR? Here’s what you can do Several chartered accountants and associations have
*ITR filing deadline nears: System glitches leave taxpayers racing against time, calls for extension grow – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-itr-filing-deadline-nears-system-glitches-leave-taxpayers-racing-against-time-calls-for-extension-grow-3972123/ ITR filing 2025: As of September 7, only 4.89 crore ITRs had been filed out of 13.35 crore registered individual users. I TR
*Sold your house property or land? These nine sections in Income Tax law can help save capital gains tax – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/sold-your-house-property-or-land-these-9-sections-in-income-tax-law-can-help-save-capital-gains-tax/articleshow/123758347.cms Sold your property? These 9 Sections in Income Tax Act can help save capital gains tax You can save a significant amount of
*New TDS/TCS statement correction deadline; do it now to avoid tax notice later – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-new-tds/tcs-statement-correction-deadline-do-it-now-to-avoid-tax-notice-later/articleshow/123763040.cms TDS, TCS correction statement deadline announced; Put the correction request now to avoid adverse consequences such as additional tax demands, delayed refunds The Income
*******ITAT allows Income Tax Rebate u/s 87A on STCG under New Regime [Read Order]
Clipped from: https://www.taxscan.in/top-stories/breaking-itat-allows-income-tax-rebate-us-87a-on-stcg-under-new-regime-1430143 The revised computation resulted in a tax liability of ₹13,320 entirely on account of STCG under Section 111A, against which the assessee claimed
*Chartered Accountant’s Error in Form 3CB confirms Addition of IGST Claim of ₹37.92 Lakh: ITAT remands Matter [Read Order]
Clipped from: https://www.taxscan.in/top-stories/chartered-accountants-error-in-form-3cb-confirms-addition-of-igst-claim-of-3792-lakh-itat-remands-matter-1431776 The Tribunal observed on the Form 3CB submitted by the Chartered Accountant, which recorded the disputed IGST figure under the head “Not paid
*******Only Registered Sale Agreements Eligible of Capital Gain Exemption u/s 54: ITAT says Unregistered Agreement Lacks Evidentiary Value
Clipped from: https://www.taxscan.in/top-stories/only-registered-sale-agreements-eligible-of-capital-gain-exemption-us-54-itat-says-unregistered-agreement-lacks-evidentiary-value-1426518 The Tribunal ruled that an unregistered sale agreement for the purchase of property does not constitute a valid transfer for claiming exemption under
*******ITAT Mumbai Sends Back NRI Case Over Non-Service of Section 148 Notice
Clipped from: https://taxguru.in/income-tax/itat-mumbai-sends-nri-case-non-service-section-148-notice.html Juzer Saifuddin Boriyawala Vs ITO (ITAT Mumbai) NRI Never Served Notice – ITAT Mumbai Restores Case on Validity of Reopening; CIT(A) Erred in Treating
*******प्राप्तिकर कायदा आणि तोट्याच्या तरतुदी – Article in Loksatta
Clipped from: https://www.loksatta.com/business/personal-finance/income-tax-act-and-loss-provisions-print-eco-news-amy-95-5359651/ भांडवली बाजारातील चढ-उतारांमुळे गुंतवणूकदारांना कधी नफा होतो तर कधी तोट्यालादेखील सामोरे जावे लागते. तसेच जे करदाते उद्योग-व्यवसाय करतात त्यांना नफा किंवा तोटा होतो.
*Are you an F&O trader? A CA reveals the No. 1 mistake that triggers income tax notice – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/are-you-an-fo-trader-a-ca-reveals-the-no-1-mistake-that-triggers-income-tax-notice-492859-2025-09-06 You can’t set off F&O losses against salary. But you can carry them forward up to 8 years and use them against business
*Property sale? Here’s the ITR mistake that could cost you lakhs in capital gains tax – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/property-sale-heres-the-itr-mistake-that-could-cost-you-lakhs-in-capital-gains-tax-492910-2025-09-07 Section 54 provides relief for gains arising from the sale of a long-term residential house, while Section 54F covers gains from any other
*******ITR deadline alert: 5 mistakes that could cost your refund or trigger a tax notice – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-deadline-alert-5-mistakes-that-could-cost-your-refund-or-trigger-a-tax-notice-492914-2025-09-07 With taxpayers increasingly relying on Form 16, AIS/TIS pre-fill data, and online portals, there’s a growing belief that things can’t go wrong. But
*******Tax Talk: Report exempt income in ITR – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/tax-talk-report-exempt-income-in-itr-3969816/ Filing ITR? Don’t ignore exempt income. Tax expert Neeraj Agarwala explains why disclosure is mandatory, how capital gains reporting has changed for AY
*******Ruling upholds stamp duty value under s.50C; directs proportional s.54 exemption and allows indexed improvements if proven
ITAT upheld the AO and CIT(A)’s adoption of the stamp duty value… https://www.taxtmi.com/highlights?id=92106 ITAT upheld the AO and CIT(A)’s adoption of the stamp duty value…
aniltikotekar4sme.com 