Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-3-form-simplified-for-ay-2025-26-taxpayers-with-business-income-capital-gains-split-must-note-new-rules-474550-2025-05-02 A key update in the ITR-3 form is a new schedule for reporting capital gains, allowing taxpayers to separately disclose gains accrued before
Category: Income Tax
*****Assessee Proves Loan Repayment & Discharges Section 68 Onus – ITAT deletes addition
Clipped from: https://taxguru.in/income-tax/assessee-proves-loan-repayment-discharges-section-68-onus-itat-deletes-addition.html Wow Entertainment and Media Private Limited Vs ACIT (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) Mumbai heard an appeal by Wow Entertainment
*****Assessment without Section 143(2) notice is unsustainable: ITAT Kolkata
Clipped from: https://taxguru.in/income-tax/assessment-section-1432-notice-unsustainable-itat-kolkata.html Sandip Kumar Keshari Vs ITO (ITAT Kolkata) The Income Tax Appellate Tribunal (ITAT) Kolkata addressed the appeal of Sandip Kumar Keshari against the
*******How Small Businesses can Optimize Tax Benefits under Income Tax Act 1961
Clipped from: https://taxguru.in/income-tax/small-businesses-optimize-tax-benefits-income-tax-act-1961.html In India, small businesses form the backbone of the economy, contributing significantly to GDP and employment. However, many small business owners often miss
Change of opinion on scrutinised issue: SC quashes Reopening Notice
Clipped from: https://taxguru.in/income-tax/change-opinion-scrutinised-issue-sc-quashes-reopening-notice.html ACIT Vs Marico Ltd. (Supreme Court of India) Supreme Court of India has upheld a High Court decision that set aside a notice
*****ITR-3 form simplified for AY 2025-26: Taxpayers with business income, capital gains split must note new rules – ITR 3 form simplified for AY 2025 26: Taxpayers with business income, capital gains split must note new rules BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-3-form-simplified-for-ay-2025-26-taxpayers-with-business-income-capital-gains-split-must-note-new-rules-474550-2025-05-02 A key update in the ITR-3 form is a new schedule for reporting capital gains, allowing taxpayers to separately disclose gains accrued before
*****New ITR-5 form is here: Capital gains, buyback loss and TDS rule changes explained – New ITR 5 form is here: Capital gains, buyback loss and TDS rule changes explained BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/new-itr-5-form-is-here-capital-gains-buyback-loss-and-tds-rule-changes-explained-474589-2025-05-03 You’ll now need to specify the exact section under which TDS was deducted (like 194A for interest, 194C for contracts). The new ITR-5
*****Section 69 Addition Unsustainable Without Evidence Beyond Accused’s Confession
Clipped from: https://taxguru.in/income-tax/addition-u-s-69-based-mere-confession-accused-credible-evidence-sustainable.html Brij Kishore Kochar Vs ACIT (ITAT Delhi) ITAT Delhi held that mere confession of accused cannot be a ground for conviction since the
*****ITR-3 form simplified for AY 2025-26: Taxpayers with business income, capital gains split must note new rules – ITR 3 form simplified for AY 2025 26: Taxpayers with business income, capital gains split must note new rules BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-3-form-simplified-for-ay-2025-26-taxpayers-with-business-income-capital-gains-split-must-note-new-rules-474550-2025-05-02 A key update in the ITR-3 form is a new schedule for reporting capital gains, allowing taxpayers to separately disclose gains accrued before
New ITR-5 form is here: Capital gains, buyback loss and TDS rule changes explained – New ITR 5 form is here: Capital gains, buyback loss and TDS rule changes explained BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/new-itr-5-form-is-here-capital-gains-buyback-loss-and-tds-rule-changes-explained-474589-2025-05-03 You’ll now need to specify the exact section under which TDS was deducted (like 194A for interest, 194C for contracts). The new ITR-5
*****ITR filing FY24-25: ITR-3 form notified by the CBDT: Know what this means for taxpayers; Who is eligible? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-3-form-notified-by-the-cbdt-know-what-this-means-for-taxpayers/articleshow/120819242.cms?from=mdr Synopsis ITR Filing Forms FY24-25: The CBDT has released the ITR-3 form for individuals and HUFs with business or professional income for FY
ITR notified by Income Tax department: Taxpayers can now disclose capital gains in ITR-1 | Business News – The Indian Express
Clipped from: https://indianexpress.com/article/business/itr-notified-by-income-tax-department-9974278/ Since the last date for filing TDS returns for the January-March quarter is May 31, the updated information is available only in the
*****ITR-3 form simplified for AY 2025-26: Taxpayers with business income, capital gains split must note new rules – ITR 3 form simplified for AY 2025 26: Taxpayers with business income, capital gains split must note new rules BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-3-form-simplified-for-ay-2025-26-taxpayers-with-business-income-capital-gains-split-must-note-new-rules-474550-2025-05-02 A key update in the ITR-3 form is a new schedule for reporting capital gains, allowing taxpayers to separately disclose gains accrued before
*****What all has changed Form ITR-1 (Sahaj), Form ITR-4 (Sugam) for AY2025-26? Expert decodes forms for taxpayers – What all has changed Form ITR 1 (Sahaj), Form ITR 4 (Sugam) for AY2025 26? Expert decodes forms for taxpayers BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/what-all-has-changed-form-itr-1-sahaj-form-itr-4-sugam-for-ay2025-26-expert-decodes-forms-for-taxpayers-474535-2025-05-02 The I-T department has officially released simplified Income Tax Return (ITR) forms 1 and 4 for the assessment year (AY) 2025-26. These forms
As MF investor, are my gains excluded from the Section 87A rebate calculation under New Tax Regime in FY2025–26? – As MF investor, are my gains excluded from the Section 87A rebate calculation under New Tax Regime in FY2025–26? BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/as-mf-investor-are-my-gains-excluded-from-the-section-87a-rebate-calculation-under-new-tax-regime-in-fy2025-26-474519-2025-05-02 Section 87A offers a rebate to resident individuals with total incomes below a specified threshold. This rebate is subtracted from the income tax
*****New I-T return form eases disclosure burden for middle-income professionals – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/new-i-t-return-form-eases-disclosure-burden-formiddle-income-professionals-3830679/ CBDT notifies ITR-3 for AY 2025-26, easing disclosure for middle-income professionals. Key changes include higher asset threshold, split capital gains reporting, simplified deductions,
*****ITR Filing 2025: What taxpayers must know about sections 80C, 80D, 24B and more – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-2025-what-taxpayers-must-know-about-sections-80c-80d-24b-and-more-3830112/?ref=hometop_hp As taxpayers get ready to file their returns, it is crucial to understand the key sections of the Income Tax Act, 1961, that
*****Tax filing schedule: July 31 is the last date to file ITR for FY 2024-25 for non-audit taxpayers – Tax filing schedule: July 31 is the last date to file ITR for FY 2024 25 for non audit taxpayers BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/tax-filing-schedule-july-31-is-the-last-date-to-file-itr-for-fy-2024-25-for-non-audit-taxpayers-474346-2025-05-01 The deadline for filing Income Tax Returns for the financial year 2024-25 in India is set for 31st July 2025, with varying deadlines
Income Tax Returns: New ITR-1 form explained – What are the key changes notified this year? – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-income-tax-returns-new-itr-1-form-explained-what-are-the-key-changes-notified-this-year-3829161/ The simplified form is designed for individuals and entities who earned up to Rs 50 lakh during the recently concluded financial year. The
CBDT simplifies ITR filing with key changes, notifies forms 1 and 4 for the assessment year (AY) 2025-26 – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-income-tax-return-filing-key-changes-cbdt-notifies-forms-1-and-4-for-the-assessment-year-ay-2025-26-3827882/ Income Tax Department has simplified how taxpayers will file ITR returns. For the assessment year 2025-26, the forms ITR-1 (Sahaj) and ITR-4 (Sugam)
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