Clipped from: https://www.financialexpress.com/money/your-queries-loans-cannot-file-itr-after-belated-return-cut-off-3887450/ Missed an ITR filing deadline? Learn about your options, from belated returns to updated ITR (ITR-U), and when they apply. For unresolved ITR
Category: Income Tax
Dual income couple: Split HRA, home loan – Money News | The Financial Express
lipped from: https://www.financialexpress.com/money/dual-income-couple-split-hra-home-loan-3887530/ Dual-income households in India have significant financial advantages, particularly in optimizing tax savings. Smart Tax Saving for Dual-Income Couples in India. (Image Source:
*******ITR filing 2025: How much HRA can be claimed without rent receipts? Know the latest rules – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-2025-how-much-hra-can-be-claimed-without-rent-receipts-know-the-latest-rules-3886721/ So, if you are employed and live in a rented house, you can avail the benefit of HRA while filing Income Tax Return
*******ITR 2025: Seven Essential Checks for Salaried Individuals before you Hit “Submit”
Clipped from: https://www.taxscan.in/top-stories/itr-2025-seven-essential-checks-for-salaried-individuals-before-you-hit-submit-1425311 From selecting the appropriate tax regime to matching the figures in Form 16 with those in your Form 26AS, all salaried individuals must
*******Undisclosed crypto income: Respond to taxman’s notice, file revised return
lipped from: https://www.business-standard.com/finance/personal-finance/undisclosed-crypto-income-respond-to-taxman-s-notice-file-revised-return-125061800747_1.html Underreporting or misreporting crypto income can lead to penalties ranging from 50 to 200%, even imprisonment of up to seven years The Income-Tax
*******Which ITR form you should use to file your income tax return depends on your income sources and taxpayer category: Here’s how to pick right – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/which-itr-form-you-should-use-to-file-your-income-tax-return-depends-on-your-income-sources-and-taxpayer-category-heres-how-to-pick-right/articleshow/121530539.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Salaried employees with no more than one source of income can opt for ITR-1 Choosing the right ITR form is the first and most crucial
*******How to file your ITR without a CA: Step-by-step guide for salaried individuals to file income tax return – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/how-to-file-your-itr-without-a-ca-step-by-step-guide-for-salaried-individuals-to-file-income-tax-return-3884006/ Want to file your ITR without hiring a Chartered Accountant? If you’re a salaried individual with simple income sources, filing your income tax
*******How to file your ITR without a CA: Step-by-step guide for salaried individuals to file income tax return – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/how-to-file-your-itr-without-a-ca-step-by-step-guide-for-salaried-individuals-to-file-income-tax-return-3884006/ Want to file your ITR without hiring a Chartered Accountant? If you’re a salaried individual with simple income sources, filing your income tax
*******Advance tax without CII: Indexation helps property sellers save LTCG tax, but CII not being notified for FY26, what should they do? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/advance-tax-without-cii-indexation-helps-property-sellers-save-ltcg-tax-but-cii-not-being-notified-for-fy26-what-should-they-do/articleshow/121827705.cms ET OnlineProperty sellers can pay lower capital gains tax due to indexation but have to pay advance tax for Q1 FY 2025-26 using
Paid taxes abroad as an Indian resident? Here’s how to claim tax credit | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/paid-taxes-abroad-as-an-indian-resident-here-s-how-to-claim-tax-credit-125061700734_1.html Avoid double taxation on your foreign income. Here’s everything you need to know for smoothly claiming your foreign tax credit while filing in
*******Which ITR form you should use to file your income tax return depends on your income sources and taxpayer category: Here’s how to pick right – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/which-itr-form-you-should-use-to-file-your-income-tax-return-depends-on-your-income-sources-and-taxpayer-category-heres-how-to-pick-right/articleshow/121530539.cms Salaried employees with no more than one source of income can opt for ITR-1 Choosing the right ITR form is the first and most crucial
*******Filing ITR for FY2024-25? Mistakes in HRA claims, capital gains tax calculation are among 7 errors to avoid – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/filing-itr-for-fy2024-25-mistakes-in-hra-claims-capital-gains-tax-calculation-are-among-7-errors-to-avoid/articleshow/121531335.cms Remember to incorporate all income-tax related changes introduced during Budget 2024 while filing your returns next time. At the very onset of the tax
*******Got an income tax notice? Here are common types of tax notices and what to do to avoid penalties – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/got-an-income-tax-notice-here-are-common-types-of-tax-notices-and-what-to-do-to-avoid-penalties/articleshow/121538355.cms Dont make the mistake of ignoring a tax notice, since they come with deadlines and missing them can result in penalties. Filing the
*******ITR filing for AY 2025-26: 7 prominent changes in ITR excel utilities for FY 2024-25, which taxpayers including salaried should know – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-for-ay-2025-26-7-prominent-changes-in-itr-excel-utilities-for-fy-2024-25-which-taxpayers-including-salaried-should-know/articleshow/121573221.cms ET OnlineThe tax dept is asking for more information in ITR-1 excel utility about tax deductions claims including HRA, Section 80D, and more
*******Income Tax Payment: Paying income tax using net banking, credit card or debit card? You will be charged for it if you don’t have this bank account – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/paying-income-tax-using-net-banking-credit-card-or-debit-card-you-will-be-charged-for-it-if-you-dont-have-this-bank-account/articleshow/112104890.cms You have to pay charges for paying income tax using net-banking, credit card, debit card, if you don’t have this bank account; compare
*******How to check if Aadhaar is linked with PAN | Steps to link Aadhaar and PAN card via SMS | Aadhaar PAN Card Link : आधार कार्ड पॅन कार्डसह लिंक कसे करावे? ऑनलाइन आणि ऑफलाइन प्रक्रिया जाणून घ्या..
lipped from: https://www.loksatta.com/business/finance/how-to-link-aadhaar-card-with-pan-card-know-the-online-and-offline-process-discover-news-snk-94-5160384/ How to Link Aadhaar with PAN : ज्या व्यक्तींनी १ ऑक्टोबर २०२४ पूर्वी आधार नोंदणी आयडी वापरून त्यांचे पॅन कार्ड मिळवले आहे, त्यांनी
*******New income tax rules 2025: Your ITR to face mandatory investigation in these 5 cases – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/new-income-tax-rules-2025-your-itr-to-face-mandatory-investigation-in-these-5-cases-3881558/ The Central Board of Direct Taxes (CBDT) has issued fresh guidelines outlining specific cases where Income Tax Returns (ITRs) will face mandatory scrutiny
*******Delhi HC Quashes Reassessment Proceedings Initated as Notice issued in name of Deceased Assessee [Read Order]
Clipped from: https://www.taxscan.in/top-stories/delhi-hc-quashes-reassessment-proceedings-initated-as-notice-issued-in-name-of-deceased-assessee-1421739 The issuance of a notice under Section 148 of the Act is at the root of the jurisdiction of an AO to commence
*******NRI wins capital gains tax case in Delhi High Court regarding sale of Rs 2 crore property despite Rs 46 lakh tax demand notice – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/nri-wins-capital-gains-tax-case-in-delhi-high-court-regarding-sale-of-rs-2-crore-property-despite-rs-46-lakh-tax-demand-notice/articleshow/121840835.cms ET Online(Representative image) Delhi High Court: NRI wins Rs 2 crore property sale capital gains tax case despite buyer filing wrong TDS form
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