Category: Seven Star

Read more at:https://economictimes.indiatimes.com/wealth/tax/hong-kong-based-son-gets-tax-notice-after-father-buys-insurance-policy-in-his-name-with-cash-he-fights-back-and-wins-case-in-itat-mumbai/articleshow/131505565.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr Agarwal originally from Goregaon East, but now living in Hong Kong for the past 15 years, gave his father Rs

Read more at:https://economictimes.indiatimes.com/wealth/tax/nri-used-nre-account-to-buy-rs-79-lakh-property-got-unexplained-cash-tax-notice-itat-ahmedabad-grants-full-relief/articleshow/133228037.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst In a recent judgement, the Income Tax Appellate Tribunal (ITAT) Ahmedabad gave relief to a non-resident man from an income tax notice for unexplained

Read more at:https://economictimes.indiatimes.com/wealth/tax/can-nris-gift-money-to-an-huf-and-save-tax-check-these-income-clubbing-and-tax-rules-before-transferring-funds/articleshow/133673805.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Can NRIs gift money to HUF and save income tax? Gifting money to an HUF may seem like a simple family transaction,

Can the Income Tax Department treat your long-term capital gains (LTCG) from shares as false just because the stock later flagged as suspicious? The Mumbai Income Tax

Read more at: https://taxguru.in/income-tax/income-tax-assessment-procedure-income-tax-act-2025.html?utm_source=follow.it Copyright © Taxguru.in Summary: The supplied article explains the assessment framework under the Income-tax Act, 2025, covering inquiry before assessment under Section 268,

Read more at:https://economictimes.indiatimes.com/wealth/tax/nri-cant-sell-indian-property-before-october-1-2026-if-buyer-does-not-have-tan-know-how-to-apply-for-tan-online/articleshow/133530979.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/nri-cant-sell-indian-property-before-october-1-2026-if-buyer-does-not-have-tan-know-how-to-apply-for-tan-online/articleshow/133530979.cms If you own a property in India and your residential status is non-resident, then there are some income tax considerations you

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that Rs. 21.60 lakh loan received by a wife from her husband could not

Read more at:https://economictimes.indiatimes.com/wealth/tax/selling-inherited-property-know-who-is-liable-to-pay-income-tax-on-capital-gains-and-how-heirs-can-claim-tax-relief/articleshow/133463503.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Succession-related tax disputes frequently arise because the legal ownership, sale deed, banking trail, TDS records and income-tax returns do not correspond with

https://www.taxscan.in/top-stories/income-disclosed-after-income-tax-notice-issued-us-148-notice-does-not-attract-deemed-concealment-where-reasonable-cause-exists-itat-read-order-1450379 The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, deleted the penalty of Rs.55,870 levied under Section 271(1)(c) on the assessee for Assessment Year 2016-17.

Read more at: https://taxguru.in/income-tax/itat-mumbai-section-54f-exemption-house-purchased-husband.html?utm_source=follow.it Copyright © Taxguru.in ITAT: Rejects Revenue’s Allegation of Colorable Device; upholds Section 54F Exemption on Property Purchased from Spouse Summary: The Mumbai

Read more at:https://economictimes.indiatimes.com/wealth/tax/how-should-my-nri-children-disclose-gifts-received-from-relatives-in-itr-2/articleshow/133143816.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst These are a set of queries raised by ET Wealth readers, which have been answered by our panel of experts. My two

Read more at:https://economictimes.indiatimes.com/wealth/tax/can-you-get-income-tax-notice-for-making-digital-payments-through-upi-neft-rtgs-and-imps-know-when-it-can-be-triggered/articleshow/132991116.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Do you believe that an income tax notice gets triggered only when you deposit large sums of cash? Think again. Even legitimate transactions made

https://economictimes.indiatimes.com/prime/one-day-left-to-file-itr-do-not-click-submit-before-checking-these-points/primearticleshow/132724542.cms Nobody experiences life as a financial year. A job changes because a better one is available. A fixed deposit renews because the bank was

Read more at:https://economictimes.indiatimes.com/wealth/tax/are-gifts-given-to-nris-by-relatives-taxable-heres-what-you-need-to-know-about-income-tax-and-fema-rules/articleshow/132617658.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/are-gifts-given-to-nris-by-relatives-taxable-heres-what-you-need-to-know-about-income-tax-and-fema-rules/articleshow/132617658.cms Picture an NRI receiving a gift worth lakhs of rupees from someone back home in India. Will it be taxable? The

Read more at:https://economictimes.indiatimes.com/wealth/tax/opting-for-presumptive-taxation-while-filing-itr-you-may-have-to-face-tax-audit-heres-what-you-must-know/articleshow/132598575.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Freelancers, doctors, engineers, and other professionals who opt for a presumptive taxation scheme need to know that under this scheme, a taxpayer is permitted

Clipped from: https://economictimes.indiatimes.com/markets/expert-view/no-chill-without-volatility-prateek-agrawal-on-playing-the-long-game-in-indias-new-market-era/articleshow/122765564.cms These are a set of queries raised by ET Wealth readers, which have been answered by our panel of experts. I want to