Clipped from: https://www.financialexpress.com/money/using-an-inoperative-pan-get-ready-for-a-fine-of-rs-10000-on-every-transaction-know-details-3879545/ The Income Tax Department has increased the strictness regarding Permanent Account Number (PAN) and Aadhaar linking. Those whose PAN is not yet linked
Category: Income Tax
*******Advance tax alert: June 15 is a Sunday — does paying advance tax on June 16 attract penalty, interest? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/advance-tax-payment-deadline-june-15-2025-extended-to-june-16-under-cbdt-circular-480419-2025-06-14 The first advance tax deadline for FY 2025–26 falls on Sunday, June 15, 2025, prompting confusion among taxpayers about whether payments made on
*******Back deductions with more data – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/back-deductions-with-more-data-3879299/ The Income Tax Department has released updated Excel utilities for ITR-1 and ITR-4 (AY 2025-26), introducing significant changes for taxpayers opting for the
Unaccounted income invested in crypto on I-T radar – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/unaccounted-income-invested-in-crypto-on-i-t-radar/3879370/ The CBDT is actively investigating tax evasion and money laundering linked to cryptocurrency investments, specifically targeting individuals and entities who have not disclosed
*******Earning below taxable limit? Filing a Nil ITR could still save you money; see how – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/nil-income-tax-return-filing-benefits-deadlines-compliance-india-480361-2025-06-13 A Nil Income Tax Return (ITR) is filed when an individual’s income falls below the taxable threshold, resulting in zero tax liability. Understanding
*******Tax season chaos: This Excel tool tells you exactly which ITR form to choose & file – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/tax-season-chaos-this-excel-tool-tells-you-exactly-which-itr-form-to-choose-file-480396-2025-06-13 As income tax season kicks in, many taxpayers are left scratching their heads over one basic yet crucial question — Which ITR form
*******Filing Income Tax Returns and Common Mistakes to Avoid
Clipped from: https://cleartax.in/s/return-filing-mistakes The due date for filing tax returns for individual taxpayers is 31st July of the assessment year. Putting it off until the last
*******How to file ITR online: Step-by-step guide for e-filing income tax return for AY2025-26 – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/how-to-file-itr-online-step-by-step-guide-for-e-filing-income-tax-return-for-ay2025-26-3865728/ Though ITR filing can still be done via offline and online mode both, most taxpayers nowadays prefer filing ITR online using the Income
*******ITR Filing AY 2025-26: Offline utilities for THESE tax return forms available now – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-ay-2025-26-offline-utilities-for-these-tax-return-forms-available-now-3877530/ ITR Filing 2025: Common Offline Utilities (JavaScript-based/JSON utility) are built on the latest system architecture adopted by the Income Tax Department. These utilities
*******ITR filing FY2024 25: Who all can skip filing returns this assessment year – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-fy2024-25-who-all-can-skip-filing-returns-this-assessment-year-479918-2025-06-11 Income tax return filing for FY 2024-25 (AY 2025-26) is now open, with the deadline extended to September 15, 2025. Taxpayers must assess
*******Navigating NRI taxes: What to know about rules, refunds and DTAA perks
Clipped from: https://www.business-standard.com/finance/personal-finance/navigating-nri-taxes-what-to-know-about-rules-refunds-and-dtaa-perks-125060900821_1.html From figuring out residency to claiming DTAA benefits, here’s how NRIs can avoid common tax mistakes and make the most of concessions on
*******Navigating NRI taxes: What to know about rules, refunds and DTAA perks | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/navigating-nri-taxes-what-to-know-about-rules-refunds-and-dtaa-perks-125060900821_1.html From figuring out residency to claiming DTAA benefits, here’s how NRIs can avoid common tax mistakes and make the most of concessions on
*******Digital Form 16: How to download document for filing Income Tax return | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/digital-form-16-how-to-download-document-for-filing-income-tax-return-125061000599_1.html Form 16. Photo: Shutterstock Salaried taxpayers will soon start receiving Form 16 from their employers to file Income Tax return (ITR) for assessment year 2025–26.
*******Excel Utility revised for filing tax returns: Here’s what has changed | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/excel-utility-revised-for-filing-tax-returns-here-s-what-has-changed-125061000730_1.html Stricter disclosure norms and additional reporting fields added to documents Spreadsheets templates in Excel Utility to file Income Tax returns for assessment year
*******I T Dept targets big spenders dodging tax: Here’s full ;ist of high value transactions under watch – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/i-t-dept-targets-big-spenders-dodging-tax-heres-full-ist-of-high-value-transactions-under-watch-479449-2025-06-07 The Income Tax Department is tightening its grip on big spenders who underreport income by closely tracking high-value financial transactions. Institutions like banks,
*******New Income Tax Rules: Changes in ITR filing process for Old Tax Regime return filers – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/new-income-tax-rules-changes-in-itr-filing-process-for-old-tax-regime-return-filers-3873904/ Salaried taxpayers opting for the old tax regime must now follow a revised ITR filing process for FY 2024-25. Merely using Form 16
*******Forex cards need not mean TCS – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-forex-cards-need-not-mean-tcs-3873750/ Avoid costly travel money mistakes. Learn why forex cards are smarter than cash or credit cards for international travel. No TCS on forex
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