Category: Self Education

Clipped from: https://www.taxscan.in/top-stories/managing-section-1432-income-tax-scrutiny-notices-for-ay-202425-a-guide-for-tax-practitioners-with-checklist-for-taxpayers-1426630 The Income Tax Department has issued a flurry of Income Tax Scrutiny Notices for the Assessment Year 2024-2025, owing ITR-Form 26AS-AIS Mismatches The

Clipped from: https://www.financialexpress.com/money/will-itr-deadline-extend-again-tax-experts-see-further-delays-after-system-failures-3903942/ Key income tax return utilities—ITR-2, ITR-3, ITR-5, ITR-6, and ITR-7 for Assessment Year (AY) 2025-26—are yet to be made available, leaving many filers

Clipped from: https://economictimes.indiatimes.com/wealth/tax/sold-equities-and-want-to-pay-less-capital-gains-tax-by-using-securities-transaction-tax-stt-find-out-if-you-are-eligible-to-do-so/articleshow/122251331.cms Sold equities and want to pay less capital gains tax by using Securities Transaction Tax? Find out if you are eligible to do

Clipped from: https://economictimes.indiatimes.com/wealth/tax/made-a-political-donation-income-tax-dept-launches-tax-assist-to-help-you-respond-to-an-income-tax-notice/articleshow/122249070.cms Many taxpayers who have claimed deductions under Section 80GGC of the Income Tax Act, 1961, have received income tax notices. The Income Tax Department has enabled a

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/these-taxpayers-find-it-easier-to-file-itrs-expert-gives-away-tips-on-smooth-filing-of-tax-returns-482987-2025-07-03 With the ITR filing deadline for AY 2025-26 extended to September 15, taxpayers, especially salaried individuals, are navigating significant changes in forms and

Clipped from: https://www.financialexpress.com/money/no-refund-on-itr-ay-2025-26-until-income-tax-department-completes-investigation-on-your-3900399/?ref=hometop_hp Despite over 75 lakh income tax returns being filed and more than 71 lakh verified so far this year, the Income Tax Department

Clipped from: https://economictimes.indiatimes.com/wealth/tax/you-can-know-what-final-income-tax-scrutiny-order-contains-even-before-it-is-issued/articleshow/122179111.cms Tax scrutiny The Income Tax Department recently highlighted a Chartered Accountant’s post on X regarding the working of the current income tax scrutiny process. The Income Tax Department

Clipped from: https://economictimes.indiatimes.com/wealth/tax/cost-inflation-index-cii-for-fy-2025-26-ay-2026-27-notified-by-income-tax-department-know-its-applicability-for-ltcg-tax-calculation/articleshow/122199470.cms CII inflation The rules for calculating long-term capital gains (LTCG) have changed, but the Cost Inflation Index (CII) is still required in certain

Clipped from: https://www.taxscan.in/top-stories/managing-section-1432-income-tax-scrutiny-notices-for-ay-202425-a-guide-for-tax-practitioners-with-checklist-for-taxpayers-1426630 The Income Tax Department has issued a flurry of Income Tax Scrutiny Notices for the Assessment Year 2024-2025, owing ITR-Form 26AS-AIS Mismatches The

Clipped from: https://economictimes.indiatimes.com/wealth/tax/dont-forget-to-claim-these-five-deductions-for-reducing-your-income-tax-liability-for-ay-2025-26-under-old-tax-regime/articleshow/122176200.cms Claim these five tax deductions for reducing your income tax liability for AY 2025-26 under old tax regime It’s been a while since

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/one-small-mistake-in-this-segment-can-cost-you-ca-warns-taxpayers-ahead-of-new-itr-deadline-482411-2025-06-30 Filing your income tax return can get tricky if you’ve earned capital gains from stocks, mutual funds, or property. Experts warn that picking

Clipped from: https://www.business-standard.com/finance/personal-finance/itr-2-itr-3-delay-decoded-changes-challenges-and-what-s-next-125062500777_1.html ‘Major backend changes and stricter disclosures have pushed the rollout,’ say experts, creating anxiety for those with complex incomes and tighter deadlines. With

Clipped from: https://www.business-standard.com/finance/personal-finance/unlimited-but-repeated-itr-revisions-may-cause-scrutiny-say-experts-125062600776_1.html Tax experts say revising your ITR is allowed, but frequent or significant changes may raise red flags with the department’s AI-driven systems Revising

Clipped from: https://www.business-standard.com/finance/personal-finance/trust-restored-officials-to-ask-relevant-questions-during-tax-scrutiny-125062800234_1.html Finance experts explain how CBDT directive to officers may help taxpayers and businesses The CBDT has asked its officers to ask “relevant” and