Category: Seven Star

Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-audit-forms-are-now-enabled-for-business-and-professional-income-on-the-e-filing-portal-check-5-prominent-changes-in-form-3ca-3cd-and-3cb-3cd/articleshow/122743426.cms Forms 3CA-3CD and 3CB-3CD are now enabled on the e-Filing portal with changes as per Notification No. 23/2025/F. No. 370142/10/2025-TPL On July 18,

Clipped from: https://www.financialexpress.com/money/new-income-tax-rules-2025-tax-authorities-will-investigate-your-itr-if-tds-claim-is-3894448/ The Income Tax Return (ITR) filing for the financial year 2024-25 (Assessment Year 2025-26) has picked up pace with more than 60 lakh

Clipped from: https://economictimes.indiatimes.com/wealth/tax/indian-engineer-wins-rs-39-lakh-unexplained-investment-income-tax-case-in-itat-mumbai-on-these-technical-grounds/articleshow/122614253.cms Indian engineer working in Dubai since 1997 wins Rs 69 lakh income tax unexplained investment case in ITAT Mumbai on this technical ground

Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-dept-cracks-down-on-bogus-claims-of-tax-deductions-like-80ggc-80d-what-can-taxpayers-do/articleshow/122565662.cms If during an income tax raid, a taxpayer is found to have claimed bogus deductions to reduce taxable income, can they be jailed?

Clipped from: https://www.financialexpress.com/money/how-much-tax-nris-have-to-pay-on-selling-property-in-india-understand-the-new-math-3916639/ After the 2024-25 Budget, NRIs selling property in India face new tax rules. The government has introduced a flat 12.5% LTCG tax without

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/home-loan-tax-deductions-sbi-mclr-rate-cuts-emi-relief-484790-2025-07-16 Paying too much tax on your rental income? You might be missing key deductions. A 4-step formula shared by a CA can help

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-3-excel-utility-significant-changes-noted-for-ay-2025-26-check-details-before-itr-filing-484873-2025-07-16 The ITR-3 Excel utility for Assessment Year 2025-26 introduces major updates, including enhanced disclosure requirements for deductions, capital gains segregation, and new reporting

Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-for-ay-2025-26-seven-major-changes-in-itr-3-excel-utility-that-all-taxpayers-including-stock-traders-should-note/articleshow/122509059.cms Seven changes in ITR-3 excel utility for AY 2025-26 (FY 2024-25) The Excel utilities of all income tax return (ITR) forms are now out, including

Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-dept-cracks-down-on-bogus-claims-of-tax-deductions-like-80ggc-80d-what-can-taxpayers-do/articleshow/122565662.cms If during an income tax raid, a taxpayer is found to have claimed bogus deductions to reduce taxable income, can they be jailed?

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

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

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

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

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.

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

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

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