Clipped from: https://economictimes.indiatimes.com/wealth/tax/six-changes-in-itr-2-excel-utility-that-all-taxpayers-should-know-before-itr-filing-for-ay-2025-26/articleshow/122438116.cms Six prominent changes in ITR-2 Excel Utility that all taxpayers including salaried individuals should note The income tax department has released the Excel based utilities
Category: Seven Star
*******ITR errors? Revise your return by Dec 31 or risk notices, penalties, even prosecution
Clipped from: https://www.businesstoday.in/personal-finance/tax/photo/itr-errors-revise-your-return-by-dec-31-or-risk-notices-penalties-even-prosecution-484773-2025-07-15 Filing your income tax return can be tedious, with complex forms, AIS mismatches, and portal glitches adding to the stress. While the deadline
*******ITR filing: New ITR 2 utility rolls out with big changes; experts say choose form with caution – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-new-itr-2-utility-rolls-out-with-big-changes-experts-say-choose-form-with-caution-484710-2025-07-15 The Income Tax Department has revamped the ITR-2 Excel Utility for AY 2025–26 with six key upgrades. Experts warn that filing the wrong
*******ITR filing: New ITR 2 utility rolls out with big changes; experts say choose form with caution – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-new-itr-2-utility-rolls-out-with-big-changes-experts-say-choose-form-with-caution-484710-2025-07-15 The Income Tax Department has revamped the ITR-2 Excel Utility for AY 2025–26 with six key upgrades. Experts warn that filing the wrong
*******No zero tax on Rs 7 lakh if stocks yield capital gains, warns expert after ITR rule change – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/section-87a-rebate-excludes-capital-gains-impacting-retail-investors-under-7-lakh-484730-2025-07-15 Changes in Income Tax Return (ITR) rules last year are set to impact retail investors, especially those opting for the new tax regime.
*******Claimed fake tax deductions? I T dept’s AI flags bogus HRA, loans claims, hefty penalties await – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/claimed-fake-tax-deductions-i-t-depts-ai-flags-bogus-hra-loans-claims-hefty-penalties-await-484683-2025-07-15 Utilising AI, the Income Tax Department targets fabricated deduction claims, resulting in the removal of Rs 1,045 crore in false entries by over
*******How to download AIS, TIS for ITR filing FY 2024-25 (AY 2025-26) – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-download-ais-tis-for-itr-filing-fy-2024-25-ay-2025-26/articleshow/122440627.cms How to download AIS Before submitting your Income Tax Return (ITR), you should have a thorough understanding of your financial activities as reported
*******ITR filing last date for FY 2024-25 is not same for all: Check due dates for salaried individuals, professionals, companies, proprietorship firms, other taxpayers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-last-date-for-fy-2024-25-is-not-same-for-all-check-due-dates-for-salaried-individuals-professionals-companies-proprietorship-firms-other-taxpayers/articleshow/122434862.cms The Income Tax Department extended the last date to file income tax returns (ITR) from July 31, 2025, to September 15, 2025, for
*******ITR verification process methods: 5 ways to e-Verify your Income Tax Return – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-verification-process-methods-5-ways-to-e-verify-your-income-tax-return/articleshow/122436556.cms Whether filing an Income Tax Return (ITR) or responding to tax notices, it is recommended to verify the process online for a seamless
*******Making these common mistakes with ITR-2 and ITR-3 while using excel based utilities? Here’s how you can fix it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/doing-these-common-mistakes-with-itr-2-and-itr-3-while-using-excel-based-utilities-heres-how-you-can-fix-it/articleshow/122389389.cms Follow these four solutions to prevent corruption and other tax calculation mistakes with ITR-2 and ITR-3 excel based ITR filing utilities Now that
*******Doing these common mistakes with ITR-2 and ITR-3 while using excel based utilities? Here’s how you can fix it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/doing-these-common-mistakes-with-itr-2-and-itr-3-while-using-excel-based-utilities-heres-how-you-can-fix-it/articleshow/122389389.cms Follow these four solutions to prevent corruption and other tax calculation mistakes with ITR-2 and ITR-3 excel based ITR filing utilities Now that
*******मृत व्यक्तीचाही भरायचा असतो Income Tax Return, जाणून घ्या तुमच्या नंतर ही जबाबदारी कोणाची | Maharashtra Times
Clipped from: https://marathi.indiatimes.com/business/business-news/itr-filing-2025-after-death-how-to-file-deceased-income-tax-return-full-process-in-marathi/articleshow/122399785.cms ITR Filing for the Deceased Person: एखाद्या व्यक्तीच्या मृत्यूनंतरही त्याच्या वतीने आयकर रिटर्न भरणे आवश्यक आहे आणि ही कायदेशीर वारसाची जबाबदारी आहे. रिटर्न
*******Reassessment Notices Invalid if Issued Beyond Surviving Period, Even If 14-Day Reply Procedure Followed: Gujarat HC [Read Order]
Clipped from: https://www.taxscan.in/top-stories/reassessment-notices-invalid-if-issued-beyond-surviving-period-even-if-14-day-reply-procedure-followed-gujarat-hc-1427582 The Gujarat High Court quashed a reassessment notice as invalid for being issued beyond the limitation period despite following the 14-day reply process
*******Report exact transfer date of assets in ITR – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/report-exact-transfer-date-of-assets-in-itr-3911368/ Tally details with AIS, TIS & Form 26AS Report exact transfer date of assets in ITR. The income tax returns (ITR) forms for AY 2025-26
*******Golden hour heart attack: Why the first 60 minutes after a heart attack can make all the difference | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/heart-attack-golden-hour-treatment-symptoms-response-doctors-guide-125071000639_1.html The first hour after a heart attack can mean the difference between survival and lasting damage; doctors explain what to do in the
*******Failure to Send Income Tax Notices to Updated Email Address Denies Fair Hearing: Karnataka HC Quashes Assessment Order [Read Order]
Clipped from: https://www.taxscan.in/top-stories/failure-to-send-income-tax-notices-to-updated-email-address-denies-fair-hearing-karnataka-hc-quashes-assessment-order-1427492 The Court found that the department should have used the updated contact for all further communication The High Court of Karnataka, quashed an income tax
*******Chennai ITAT Applies ‘Surviving Period’ Rule for First Time, quashes Income Tax Reassessment Notice [Read Order]
lipped from: https://www.taxscan.in/top-stories/chennai-itat-applies-surviving-period-rule-for-first-time-quashes-income-tax-reassessment-notice-1427467 The Chennai ITAT held that a reassessment notice under the new regime is invalid if issued beyond the “surviving period” under Section 149,
*******Mr Vivek Omprakash Abrol,Mumbai vs Deputy Commissioner Of Income … on 17 March, 2025
Clipped from: https://indiankanoon.org/doc/65274485/ Income Tax Appellate Tribunal – Mumbai IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “F” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER)
*******ITAT Chennai Quashes Time-Barred Reassessment Citing SC’s Rajeev Bansal Ruling
Clipped from: https://taxguru.in/income-tax/itat-chennai-quashes-time-barred-reassessment-citing-scs-rajeev-bansal-ruling.html Smt. Lakshmi Narasimhan Santhi Vs ACIT (ITAT Chennai) In a significant ruling dated 3rd July 2025, the Chennai Bench of the Income Tax
*******FAQs on Assessments under Income-tax Law
Clipped from: https://taxguru.in/income-tax/faqs-assessments-income-tax-law.html Income tax assessments involve verifying the accuracy of a taxpayer’s return, as mandated by the Income-tax Department. This process, known as assessment, can
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