Clipped from: https://www.businesstoday.in/personal-finance/tax/story/taxpayers-flag-ais-errors-on-social-media-as-itr-deadline-nears-i-t-dept-responds-491441-2025-08-28 With the ITR filing deadline 2025 fast approaching, taxpayers are flagging errors in their Annual Information Statement (AIS) on social media, raising concerns
Category: Seven Star
*******My wife bought a flat with money that I transferred to her, how should we show it in our ITR? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/my-wife-bought-a-flat-with-money-that-i-transferred-to-her-how-should-we-show-it-in-our-itr/articleshow/123521289.cms etwealth@timesgroup.com Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to
*******Tax Query: Tax Implications As Per Finance Bill 2025 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-tax-implications-as-per-finance-bill-2025/article69774244.ece Section 87A of the Income-Tax Act, 1961 (‘the Act’) provides a rebate to resident individual taxpayers whose total taxable income does not exceed
*******Credit report: Check quarterly to spot repayment lapses, errors, and fraud
Clipped from: https://www.business-standard.com/finance/personal-finance/credit-report-check-quarterly-to-spot-repayment-lapses-errors-and-fraud-125082200807_1.html In case of inaccuracies and fraud, report both to the lender and credit bureaus A score of 750–800 or higher indicates a strong
*******Owning two houses but no rental income: Can you still file ITR 1, or is ITR 2 mandatory? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/owning-two-houses-but-no-rental-income-can-you-still-file-itr-1-or-is-itr-2-mandatory-490808-2025-08-23 Many taxpayers are confused about whether owning more than one house, without rental income, disqualifies them from filing ITR-1. Tax experts clarify that
*******Chartered Accountants caution joint bank account holders about this critical issue with tax rules that can lead to tax notices – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/cas-caution-joint-bank-account-holders-about-this-critical-issue-with-tax-rules-that-can-lead-to-tax-notices/articleshow/123423767.cms CAs highlight this critical issue with tax rules on joint bank a/c holders that can lead to unnecessary tax notices (representative image) O.P.
*******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
Building a better GST: New reforms mark progress, but more is needed
Clipped from: https://www.business-standard.com/opinion/columns/building-a-better-gst-new-reforms-mark-progress-but-more-is-needed-125081700838_1.html The call for a single rate correctly identifies this multiplicity as a central problem IGST collections come to the Union, and are then
Comprehensive*******FORM 3CD: Applicability, Format and Key Tax Audit Clauses
Clipped from: https://cleartax.in/s/form-3cd Form 3CD is the annexure provided with the tax audit reports Form 3CA and Form 3CB furnished by the Chartered Accountant under section
*******Tax Audit Forms 3CA, 3CB, 3CD & 3CE Explained – Tax2win
Clipped from: https://tax2win.in/guide/tax-audit-forms-3ca-3cb-3cd-3ce A tax audit is a detailed review of a taxpayer’s financial records conducted by a Chartered Accountant to verify compliance with income tax
*******Comprehensive Analysis of Tax Audit : Forms 3CA, 3CB, 3CD and 3CE
Clipped from: https://cleartax.in/s/tax-audit-form-3ca-3cb-3cd-3ce A tax audit means a Chartered Accountant reviews the business’s accounts and checks their compliance with income tax laws. Under Section 44AB, the accountant
*******‘Can I just show rent paid to parents and claim HRA?’: Why this tax hack can attract I T notice – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/can-i-just-show-rent-paid-to-parents-and-claim-hra-why-this-tax-hack-can-attract-i-t-notice-487948-2025-08-05 As tax season peaks, many salaried individuals are exploring ways to save — one popular tactic being to claim HRA by showing rent
*******Filing ITR for AY 2025-26? Apply THIS smart trick to save big on taxes legally – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/filing-itr-for-ay-2025-26-apply-this-smart-trick-to-save-big-on-taxes-legally-3936301/ The government has made the new tax regime the default from the financial year 2023-24, that is, if you do not choose anything,
Comprehensive*******How to file ITR-2 for AY 2025-26 with salary, capital gains, foreign income and others; Here’s a step-by-step guide – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-2-for-ay-2025-26-with-salary-capital-gains-foreign-income-and-others-heres-a-step-by-step-guide/articleshow/123093504.cms Step-by-step guide on how to file ITR-2 for AY 2025-26 with salary, capital gains, foreign income and others online and with excel utility
Comprehensive1*******Section 44AA of Income Tax Act: Compulsory Maintainance of Books of Accounts
Clipped from: https://scripbox.com/tax/section-44aa/?utm_source=perplexity For most of the people carrying on a business or profession, maintenance of books of accounts has always been a trick question. There
Comprehensive*******What is Section 44AA of the Income Tax Act? | Angel One
lipped from: https://www.angelone.in/knowledge-center/income-tax/section-44aa-of-income-tax?utm_source=perplexity Ever filled out an income tax return? It can feel a bit like navigating a maze! There are sections, deductions, and exemptions –
Comprehensive1*******Audit related provisions –Courtesy Bajaj Finance
Clipped from: https://www.bajajfinserv.in/about-section-44ab-of-income-tax-act?utm_source=perplexity In India, tax compliance is a crucial aspect for businesses and profe0ssionals. Section 44AB of Income Tax Act mandates certain taxpayers to get
Comprehensive*******Income Tax On Intraday Trading – How Profits From Intraday Trading Are Taxed ? Courtesy Clear Tax
Clipped from: https://cleartax.in/s/income-tax-on-intraday-trading?utm_source=perplexity Intraday trading is considered speculative business income under section 43(5) of the Income Tax Act. As a result, intraday income is taxable under
Comprehensive*******Taxability of Sale of Land or Building – Section 50C of Income Tax Act
Clipped from: https://cleartax.in/s/taxability-sale-land-building-section-50c?utm_source=perplexity Owing to the large population, there is always a huge demand for real estate in India, and demand mostly overtakes supply. This demand-supply
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