Clipped from: https://www.financialexpress.com/money/income-tax-investigation-only-financial-data-from-personal-chats-other-apps-to-be-analysed-says-cbdt-chief-3925323/ In the new Income Tax Bill, there is one provision which triggered a major debate among taxpayers in the country. This provision is
Category: Self Education
*****Income tax slabs for salaried individuals for ITR filing FY 2024-25 (AY 202-26) under old, new tax regime – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/corporate-bonds-in-india-from-institutional-stronghold-to-broader-participation/articleshow/122808987.cms The Income Tax Department has extended the last date for filing the income tax return (ITR) for FY 2024-25 (AY 2025-26) to September
1*******ITR filing 2025: Who can file ITR-1, who cannot file it for FY 2024-25 (AY 2025-26)? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-2025-who-can-file-itr-1-who-cannot-file-it-for-fy-2024-25-ay-2025-26/articleshow/122882862.cms Filing your tax return starts with choosing the correct ITR form. The Income Tax Department has released the income tax return (ITR) forms for Financial Year
1*******Income Tax Login | Best ITR Filing Platform File Income Tax Return for FY 2024-25 (AY 2025-26) | TaxBuddy
Clipped from: https://www.taxbuddy.com/file-itr-now?utm_term=&utm_campaign=&utm_source=&utm_medium=&hsa_acc=4215790609&hsa_cam=21400742829&hsa_grp=&hsa_ad=&hsa_src=x&hsa_tgt=&hsa_kw=&hsa_mt=&hsa_net=adwords&hsa_ver=3&gad_source=2&gad_campaignid=21411220477&gclid=Cj0KCQjws4fEBhD-ARIsACC3d29BZRgnfDq3p1mMuD_eM4bSXnVozq69lAxANPj46D4RzQfNA-tfXKwaAp7DEALw_wcB Free Notice Compliance | 365 days support TaxBuddy: Your AI-Driven Partner for Online Income Tax Filing We simplify your e-filing journey with powerful
CBDT using AI tools to boost income-tax compliance, says Chairman Agrawal | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/cbdt-ai-tools-boost-income-tax-compliance-nudge-ravi-agrawal-125072400520_1.html Speaking on using artificial intelligence to monitor taxpayer behaviour, CBDT Chairman Ravi Agrawal stated that the department’s role remains facilitative and non-intrusive The
This CA says you can earn ₹24 lakh and pay nothing in tax. Here is the legal catch – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/this-ca-says-you-can-earn-rs24-lakh-and-pay-nothing-in-tax-here-is-the-legal-catch-486001-2025-07-24 And unlike other deductions, there’s no need to prove expenses. “Section 44ADA assumes 50% expenses automatically,” Goel noted. “You only need to report
Income Tax dept is watching: Your clicks, your claims, your fake email, nothing’s off limits – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-dept-is-watching-your-clicks-your-claims-your-fake-email-nothings-off-limits-486010-2025-07-24 On July 14, the department launched a verification sweep across 150 cities, zeroing in on over 1.5 lakh PANs linked to suspicious deduction
CBDT chief says I-T Dept now tracking online visits, filtering PANs to nudge taxpayers – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/cbdt-chief-says-i-t-dept-now-tracking-online-visits-filtering-pans-to-nudge-taxpayers-3925014/ The department is using AI-powered data analytics to raise red flags for high-value transactions where returns have not been filed or where taxpayers
*****Taxpayer wins Rs 1.4 lakh penalty case despite claiming false income tax deductions to reduce income by 50%; Know the details – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/taxpayer-wins-rs-1-4-lakh-penalty-case-despite-claiming-false-income-tax-deductions-to-reduce-income-by-50-know-the-details/articleshow/122860793.cms Penalty of Rs 1.4 lakh deleted despite a taxpayer claiming false income tax deductions to reduce his income by 50%; Know the details
*******This ITR default could trigger penalty: Beware if STCG or LTCG crosses ₹5 lakh total income – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/this-itr-default-could-trigger-penalty-beware-if-stcg-or-ltcg-crosses-rs5-lakh-total-income-485798-2025-07-23 For example, a taxpayer earning ₹3 lakh in salary and ₹3 lakh in STCG has a total income of ₹6 lakh. While slab
*****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%
*******How much tax do NRIs pay on selling property in India? Here’s what changed after Budget 2024 25 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/nri-property-tax-changes-budget-2024-ltcg-no-indexation-higher-tds-485974-2025-07-23 Budget 2024-25 introduced significant changes to the way NRIs are taxed on property sales in India. One of the major shifts is the
*******CBDT to ramp up AI-led crackdown on tax evasion ahead of new income tax law: Chairman Ravi Agrawal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbdt-to-ramp-up-ai-led-crackdown-on-tax-evasion-ahead-of-new-income-tax-law-chairman-ravi-agrawal/articleshow/122866379.cms Synopsis The Central Board of Direct Taxes will intensify efforts to combat tax evasion. They plan to use data analytics and artificial intelligence.
Confused about Aadhaar for rent agreements? Here’s what the law says | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/confused-about-aadhaar-for-rent-agreements-here-s-what-the-law-says-125072300927_1.html From privacy risks to legal gaps, here’s why Aadhaar isn’t always accepted for rent agreements across India Many tenants and landlords are puzzled
***Nil ITR: Should you file a return if income is below taxable limit? Absolutely, say experts – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/nil-itr-should-you-file-a-return-if-income-is-below-taxable-limit-absolutely-say-experts-485924-2025-07-23 Even if your income is below the taxable limit, filing an Income Tax Return (ITR) can offer major advantages. A Nil ITR helps
*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%
1*******Discrepancy in AIS? Income tax department explains how to resolve it easily – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/ais-mismatch-in-itr-filing-heres-how-to-fix-it-as-per-income-tax-dept-guidelines-3922959/Over 1.62 crore taxpayers have so far filed their income tax returns (ITRs) this assessment year (AY2025-26). The Income Tax Department website shows that as many as 1.13
1*******AIS/26AS Mismatch May Trigger Tax Notices: What Taxpayer Should Know
Clipped from: https://taxguru.in/income-tax/ais-26as-mismatch-trigger-tax-notices-taxpayer.html Introduction Just last month, a client of mine—a schoolteacher—received an unexpected notice for underreporting interest income of only ₹1,000. She was shocked because
Relief to IT deductor, collector as deadline to avoid TDS/TCS defaults extended – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/relief-to-it-deductor-collector-as-deadline-to-avoid-tdstcs-defaults-extended/article69842747.ece CBDT introduces a two-month window for payments made on or after August 1 Income Tax Act mandates Aadhaar-PAN linking within prescribed timelines, failing
Use a revised or updated income tax return to correct bogus deductions
Clipped from: https://www.business-standard.com/finance/personal-finance/use-a-revised-or-updated-income-tax-return-to-correct-bogus-deductions-125072100941_1.html Once scrutiny, surveys, or raids begin, correction options are no longer available One of the most exploited provisions is Section 10(13A), which permits
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