Category: Seven Star

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

Clipped from: https://www.financialexpress.com/money/from-april-1-your-salary-may-look-different-but-your-tax-outgo-is-the-real-change-4179985/ From April 1, salary structures may become simpler and more direct as the new tax regime takes centre stage, shifting the real focus

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/i-tax-act-2025-new-tax-rulebook-from-april-1-what-really-changes-for-salaried-taxpayers-521705-2026-03-21 The Central Board of Direct Taxes (CBDT) has notified the Income-tax Rules, 2026, to implement the Income-tax Act, 2025, introducing higher HRA benefits

Clipped from: https://www.financialexpress.com/money/shilpa-shetty-gets-rs-12-54-crore-gift-from-raj-kundra-his-income-rs-2771-lakh-tax-dept-flags-mismatch-what-itat-said-4179526/ The ITAT Mumbai has sent back Shilpa Shetty Kundra’s ₹12.54 crore gift case for fresh examination after finding gaps in the money trail.