Clipped from: https://www.businesstoday.in/personal-finance/tax/story/7-ways-to-verify-your-itr-in-2025-and-why-its-more-important-than-ever-487417-2025-08-01 ITR filing 2025: Verifying your Income Tax Return (ITR) is now as important as filing it. In 2025, missing this crucial step within
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*ITR filing: How a taxpayer beat a Rs 1.46 lakh penalty despite false deductions – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-how-a-taxpayer-beat-a-rs-146-lakh-penalty-despite-false-deductions-487020-2025-07-30 A salaried employee who under-reported half his income due to misreporting by his CA, walked free from a Rs 1.4 lakh tax penalty
*Think gifting to your spouse saves tax? Big mistake. Here’s what the law says – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/think-gifting-to-your-spouse-saves-tax-big-mistake-heres-what-the-law-says-486726-2025-07-29 Under Sections 60 to 64, income transferred to a spouse, minor child, or even a Hindu Undivided Family (HUF) may still be taxed
*Income tax refund in 4 hours: Taxpayers report ‘fastest-ever ITR processing’ – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-refund-in-4-hours-taxpayers-report-fastest-ever-itr-processing-3930005/ Many taxpayers this year are receiving their income tax refunds within just a few hours of filing their ITR online — a dramatic
*What is a double heart attack and why the second one is often more fatal | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/double-heart-attack-causes-symptoms-risk-prevention-young-patients-125072800545_1.html A rare fatal case involving a 9-year-old has renewed attention on recurrent heart attacks, which are increasingly seen among younger adults with unmanaged
*SBI Card to discontinue Rs 1 cr air insurance on these cards: Check list | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/sbi-card-to-discontinue-rs-1-cr-air-insurance-on-these-cards-check-list-125072500816_1.html Complimentary benefit ends on August 11; SBI Card customers are advised to check new terms SBI CARD LOGO Listen to This Article SBI
*’Income Tax Department’ among top keywords on Google Trends amid ITR filing rush – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-department-among-top-keywords-on-google-trends-amid-itr-filing-rush-3927645/ ‘Income Tax Department’ has been trending on Google Trends this July, especially in the last 15 days, due to the ITR filing season
*Govt cracks down on crypto tax evasion using AI, collects ₹437 cr from VDAs in FY23 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/indian-government-crypto-tax-compliance-ai-data-analytics-virtual-digital-assets-486476-2025-07-26 The AI tools helped the Income Tax Department collect Rs 437 crore from virtual digital asset (VDA) income in FY 2022–23 alone. To
*Avoid penalties: Fix AIS discrepancies before submitting ITR; Here’s what to do – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/ais-discrepancies-correction-income-tax-department-ay-2025-26-485186-2025-07-18 If your Annual Information Statement (AIS) shows incorrect data, it’s important not to ignore it. Errors or mismatches in the AIS can lead
*Got an I T notice after filing your return? Here’s how to decode and respond fast – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-notice-response-after-itr-filing-485913-2025-07-23 Receiving an income tax notice after filing your ITR can be unsettling—but it doesn’t always signal trouble. With digitisation of tax data, even
*Missed this new July 23 tax rule? You might overpay capital gains on your ITR 2025 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/missed-this-new-july-23-tax-rule-you-might-overpay-capital-gains-on-your-itr-2025-485811-2025-07-23 Gold, debt, and other capital assets see their holding period for LTCG classification drop from 3 years to 2, with a unified 12.5%
*Perplexity in talks with phone makers to preload Comet browser on devices | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/perplexity-in-talks-with-phone-makers-to-preload-comet-browser-on-devices-125072100215_1.html Perplexity is in between discussions with phone makers to ship smartphones with its new Comet browser as a pre-installed application By – Akash
*Sold property to save tax? This “safe” move could silently wipe out ₹9.6 lakh in returns – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/sold-property-to-save-tax-this-safe-move-could-silently-wipe-out-rs96-lakh-in-returns-485355-2025-07-19 If your only goal is to save every rupee in tax, 54EC bonds do their job. But for investors with time and the
*AI flags font flaw, helps Income Tax dept bust capital gains fraud – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/ai-flags-font-flaw-helps-income-tax-dept-bust-rs-68-lakh-capital-gains-fraud-3918174/ The case centres on a Hyderabad-based taxpayer who sold an immovable property for Rs 1.4 crore, but dramatically slashed his tax liability using
1*Income Tax Returns AY2025-26: Key Documents Required to File ITR – Money News | The Financial Express
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
1*E-verification of ITR: Here is how to complete your tax filing process | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/e-verification-of-itr-here-is-how-to-complete-your-tax-filing-process-125071700607_1.html You must e-verify your ITR within 30 days of filing to complete the process. Here’s how to do it easily using Aadhaar OTP,
1*Income Tax Guide FY 2025-26: Step by step Tax Filing, ITR Forms, Income Tax Explainers, Income Tax news, Tax FAQs & Calculator | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/itr-guide/ Income Tax Return 2025: What is ITR filing due date for AY 2025-26? This extension will provide more time due to significant revisions
*What you should know about this emerging digital gateway for relaxed tax filing and compliance – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-you-should-know-about-this-emerging-digital-gateway-for-relaxed-tax-filing-and-compliance/articleshow/122570810.cms At a time when tax compliance is associated with anxiety, delays, and unending paperwork s fixmytax seems to have emerged as a breath
*ITR myths that can cost you big: Don’t fall for TDS, gift or crypto loophole traps – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-myths-that-can-cost-you-big-dont-fall-for-tds-gift-or-crypto-loophole-traps-484669-2025-07-15 As ITR filing for FY 2024–25 gathers momentum, a large number of taxpayers—ranging from salaried professionals and gig workers to small business owners—are
*Income Tax Dept cracks down on fake ITR refunds: Bogus deductions, exemptions under scanner – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-dept-cracks-down-on-fake-itr-refunds-bogus-deductions-exemptions-under-scanner-3914191/ To identify such irregularities, the tax department has leveraged technology tools, including data analytics, third-party sources, conduct intelligence and advanced artificial intelligence tools.
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