Category: Income Tax

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/i-am-62-year-old-and-i-submitted-form-15h-to-my-bank-but-tds-was-still-deducted-on-my-interest-income-what-should-i-do-473260-2025-04-23 Senior citizens are eligible for specific tax benefits, such as the ability to fill out Form 15H to prevent TDS from being deducted

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/tax-filing-2025-26-form-16-gets-an-upgrade-what-salaried-taxpayers-need-to-know-473440-2025-04-24 The new Form 16 includes additional details compared to previous versions, providing taxpayers with a more comprehensive overview of their financial information. Now,

Clipped from: https://www.financialexpress.com/money/income-tax-itr-filing-2025-a-step-by-step-guide-for-senior-citizens-to-file-income-tax-return-3817328/ An individual resident who is 60 years or above in age but less than 80 years at any time during the previous year

Clipped from: https://www.financialexpress.com/money/itr-filing-2025-heres-how-to-use-e-pay-feature-to-clear-income-tax-dues-a-step-by-step-guide-3815863/?ref=money_hp This user-friendly option allows individuals to pay income tax through various methods such as net banking, debit card, over-the-counter payments, NEFT/RTGS, or payment

Clipped from: https://www.business-standard.com/finance/personal-finance/no-i-t-on-new-flat-received-exchange-for-old-under-section-56-2-x-125041700903_1.html The judgment is likely to benefit prospective homeowners who are planning to exchange their old homes for upgraded accommodations in newly developed residential

Clipped from: https://taxguru.in/income-tax/quantifying-escaped-income-mandatory-reason-recording-stage-itat-delhi.html Vijender Nath Gupta Vs ITO (ITAT Delhi) AO reopened the assessment based on information received from the Investigation Wing, which alleged unexplained high-volume

Clipped from: https://taxguru.in/income-tax/stcg-vs-ltcg-tax-rates-treatment-new-regime-fy-2024-25.html Under the new tax regime for FY24-25, short-term capital gains (STCG) and long-term capital gains (LTCG) on listed equity shares, equity oriented mutual

Clipped from: https://www.financialexpress.com/money/income-tax-returns-ay2025-26-key-documents-required-to-file-itr-3813320/ It is not necessary to attach any documents while filing your returns. However the details given in various documents will have to be

Clipped from: https://www.financialexpress.com/money/filing-itr-soon-can-you-still-pick-a-different-tax-regime-3813616/ Section 115BAC of the Income Tax Act lays down the tax slabs and rules applicable under the new tax regime. As Form 16

https://taxguru.in/income-tax/assessment-declared-invalid-due-service-notice-wrong-address.html clipped from: https://taxguru.in/income-tax/assessment-declared-invalid-due-service-notice-wrong-address.html Dhanottam Vasant Lonkar Vs ITO (ITAT Pune) Conclusion: Notice u/s.143(2) was issued at a wrong/non-existing address and this mistake having been accepted by

lipped from: https://taxguru.in/income-tax/reassessment-u-s-148a-b-initiated-prescribed-time-limit-u-s-149-1-valid.html Chandra Shekhar Vs PCIT (Patna High Court) Patna High Court held that reassessment proceedings under section 148A(b) of the Income Tax Act is