Clipped from: https://www.business-standard.com/finance/personal-finance/tax-dept-s-ai-tool-not-meant-for-resolving-political-donation-disputes-125070801078_1.html TaxAssist should be used in ‘simple cases’ and professional advice in complex taxation matters is irreplaceable The Income-Tax Department’s new AI-powered tool will help individual
Category: Income Tax
*****ITR filing 2025: Tax shock ahead? NRIs warned of pitfalls amid changes in rules for FY25 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-2025-tax-shock-ahead-nris-warned-of-pitfalls-amid-changes-in-rules-for-fy25-483610-2025-07-08 Income Tax Department has released new ITR forms for FY 2024-25, but delays in key utilities like ITR-2 are causing concern among NRIs.
*****Tax trap or smart move? Splitting PG rental income between parents explained – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/tax-trap-or-smart-move-splitting-pg-rental-income-between-parents-explained-483730-2025-07-08 Running a small PG, a family considers splitting rental income between parents to save tax. However, experts warn that mere income diversion without
करदात्यांनो, ITR भरताना घाई करू नका! लवकर भरा तुमचा आयटीआर; कोणता फॉर्म कुणासाठी जाणून घ्या | Maharashtra Times
Clipped from: https://marathi.indiatimes.com/business/business-news/income-tax-return-filing-2025-which-itr-form-to-fill-for-salaried-person-avoid-last-minute-rush/articleshow/122287975.cms?utm_source=NP&utm_medium=HP-Top-Headlines ITR Filing 2025 News: दरवर्षी इन्कम टॅक्स रिटर्न सादर करायची मुदत 31 जुलै असते, यावर्षी मात्र प्राप्तिकर विभागाने आधीच ITR फायलिंगची अंतिम तारीख
*******NRI’s Property Investment Explained with Bank Statements and Agreements: ITAT Quashes Addition Due to Jurisdictional Error
Clipped from: https://www.taxscan.in/top-stories/nris-property-investment-explained-with-bank-statements-and-agreements-itat-quashes-addition-due-to-jurisdictional-error-1426663 The Tribunal quashed an addition of ₹69.99 lakh under Section 69 of the Income Tax Act, 1961, ruling that the notice issued by
‘Don’t just gift it, loan it’: CA shares high income tax hack to cut tax outgo – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/dont-just-gift-it-loan-it-ca-shares-high-income-tax-hack-to-cut-tax-outgo-482478-2025-06-30 High-income earners in India can save lakhs in taxes with smart intra-family financial planning. CA Sk Md Affan explains how choosing a loan
Income-tax Bill 2025: Digital data and the question of power and privacy
Clipped from: https://www.business-standard.com/finance/news/income-tax-bill-2025-digital-data-and-the-question-of-power-and-privacy-125062700802_1.html A Parliamentary Select Committee reviewing the Bill is expected to submit its report during the monsoon session Two specific sections have been in
*******New ITR filing rules demand more disclosures: Here’s what taxpayers need to know for AY 2024 25 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/new-itr-filing-rules-demand-more-disclosures-heres-what-taxpayers-need-to-know-for-ay-2024-25-482301-2025-06-28 Filing your ITR for AY 2024-25 will now involve stricter rules, with the Income Tax Department demanding more detailed disclosures for popular deductions.
Filing ITR without any CA help? Avoid making THESE 5 costly mistakes – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/filing-itr-without-any-ca-help-avoid-making-these-5-costly-mistakes-3896169/ Filing your Income Tax Return (ITR) for FY 2024-25? The deadline has been extended to September 15, 2025. Here’s how salaried individuals can
Can you download Form 16, Form 16A, other TDS certificates from TRACES website if your tax has been deducted? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/can-you-download-form-16-form-16a-other-tds-certificates-from-traces-website-if-your-tax-has-been-deducted/articleshow/122125200.cms At times, it happens that the taxpayer does not receive Form 16 or Form 16A. Form 16 or Form 16A is a TDS certificate
*******Income tax ITR forms update 2024 25 new rules Form 10 IEA share buybacks dividend treatment – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-itrs-update-2024-25-new-rules-form-10-iea-share-buybacks-482164-2025-06-27 The Income Tax Department has rolled out significant changes for the financial year 2024-25 (assessment year 2025-26), updating validation rules for income tax
*******ITR AY2025 26: File your taxes right or face 200% penalty and jail, cautions CA – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/file-itr-accurately-or-risk-hefty-fines-interest-jail-time-warns-ca-anupam-sharma-482253-2025-06-27 With tax season underway for Assessment Year 2025-26, experts are warning taxpayers to avoid errors in their income tax returns that could trigger
*******Pay additional taxes now on FY25 income to save on interest outgo – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/pay-additional-taxes-now-on-fy25-income-to-save-on-interest-outgo-3895468/ While the Income Tax Return (ITR) filing deadline for AY 2025-26 has been extended to September 15, 2025, taxpayers are urged to pay
*******Declare side hustle income in ITR – Money News | The Financial Express
lipped from: https://www.financialexpress.com/money/declare-side-hustle-income-in-itr-3895520/ Understanding tax obligations for additional income is crucial for AY 2025-26. This guide details how to report earnings from side hustles, fixed deposits
*******Income tax ITR forms update 2024 25 new rules Form 10 IEA share buybacks dividend treatment – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-itrs-update-2024-25-new-rules-form-10-iea-share-buybacks-482164-2025-06-27 The Income Tax Department has rolled out significant changes for the financial year 2024-25 (assessment year 2025-26), updating validation rules for income tax
*******New ITR Scrutiny Rules for FY 2025-26: These ITR Filers Will Face Mandatory Investigation – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/new-income-tax-rules-2025-tax-authorities-will-investigate-your-itr-if-tds-claim-is-3894448/ The Income Tax Return (ITR) filing for the financial year 2024-25 (Assessment Year 2025-26) has picked up pace with more than 60 lakh
*******What is Form 26AS, AIS and TIS in income tax? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-is-form-26as-ais-and-tis-in-income-tax/articleshow/122094661.cms Form 26AS, AIS and TIS are a few key documents which taxpayers must view before filing their income tax returns.. The Annual Information Statement (AIS), the Taxpayer Information Summary (TIS),
*******Received salary from two employers in FY 2024-25? Here’s how to file your ITR correctly – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/received-salary-from-two-employers-in-fy-2024-25-heres-how-to-file-your-itr-correctly-3892254/ Here’s a simple step-by-step guide to help you file your ITR correctly, reduce errors, and stay compliant while maximising your eligible tax benefits.
*******Can you legally claim both HRA and home loan interest deductions in ITR? Here’s what income tax rules say – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/can-you-legally-claim-both-hra-and-home-loan-interest-deductions-in-itr-heres-what-income-tax-rules-say-3892319/ ITR Filing AY 2025-26: One common question most taxpayers grapple with every year when they file their income tax return (ITR) is if
aniltikotekar4sme.com 