Clipped from: https://zerodha.com/varsity/chapter/turnover-balance-sheet-and-pl/?utm_source=perplexity 6.1 – Turnover & Tax Audit In the previous chapter, we discussed briefly on tax audit, and when it is required if you
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*******Cyber cover for digital natives – Money News | The Financial Express
clipped from: https://www.financialexpress.com/money/cyber-cover-for-digital-natives-3934892/ Cyber insurance protects digital users from financial loss, identity theft, cyberbullying, and more. Learn how it works, what it covers, key exclusions, and
Comprehensive*******Income Tax Audit under Section 44AB – Criteria, Audit Report, Penalty
Clipped from: https://cleartax.in/s/tax-audit-section-44ab?utm_source=perplexity As per the provisions of the Income Tax Act, 1961 specified persons are required to get their books of accounts audited before filing a tax
Comprehensive1*******Simplicity could cost you ₹2 3 lakh a year’: CA warns of hidden costs in new tax regime – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/simplicity-could-cost-you-rs2-3-lakh-a-year-ca-warns-of-hidden-costs-in-new-tax-regime-487586-2025-08-03 While the new tax regime looks cleaner on paper, Kaushik urges individuals to resist switching blindly. “The old regime rewards those who plan
Comprehensive*******Section 115BAC New Tax Regime 2025: Slabs, Deductions, Exemptions and Benefits
Clipped from: https://cleartax.in/s/section-115bac-features-new-tax-regime-benefits Section 115BAC of the Income Tax Act introduces the new tax regime, which offers reduced slab rates in exchange for forgoing most deductions and
Comprehensive*******Slab rates, deductions, and which tax regime works best for you – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-2025-slab-rates-deductions-and-which-tax-regime-works-best-for-you-3935266/ For individuals with commercial or professional income, the rules are much stricter. You can only switch back to old tax regime once in
Comprehensive*******ITR filing: Got a big gift or transfer? Here’s how to stay clear of tax trouble – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-got-a-big-gift-or-transfer-heres-how-to-stay-clear-of-tax-trouble-487553-2025-08-02 Gifts are considered income under the Income Tax Act if their value exceeds ₹50,000 in a financial year. Such gifts may be taxed
*******Legal Significance of Document Identification Number (DIN) in GST: A Shield Against Invalid Notices [Find Draft Reply Format Here]
Clipped from: https://www.taxscan.in/top-stories/legal-significance-of-document-identification-number-din-in-gst-a-shield-against-invalid-notices-1426184 Several taxpayers continue to receive communications, including Show Cause Notices (SCNs), without the mandatory DIN The introduction of the Document Identification Number (DIN) by the Central
*******Onus on taxpayer to identify errors – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-onus-on-taxpayer-to-identify-errors-3934088/ Taxpayers must verify details in AIS, Form 26AS, and Form 16 before filing ITR to avoid errors and notices. Discrepancies should be corrected
*******Your queries | Income Tax on rental income to be paid by both owners as per share – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-your-queries-income-tax-on-rental-income-to-be-paid-by-both-owners-as-per-share-3934266/ Each co-owner is entitled to compute their share of income independently, claim deductions (such as Section 24 standard deduction or interest on borrowed
Comprehensive*******How to file ITR-1 online: A step-by-step guide for salaried taxpayers also having income from house property, LTCG and other source under new tax regime – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-1-online-a-step-by-step-guide-for-salaried-taxpayers-also-having-income-from-house-property-ltcg-and-other-source-under-new-tax-regime/articleshow/123057881.cms ET Online(Representative image) How to file ITR-1 online: A step-by-step guide for salaried taxpayers also having income from house property, LTCG and other
Comprehensive*******Online ITR filing charges across six tax filing websites compared for AY 2025-26 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/online-itr-filing-charges-across-6-tax-filing-websites-compared-for-ay-2025-26/articleshow/123043619.cms ITR filing AY 2025-26: Comparative ITR filing charges across 6 tax filing platforms Individuals who are not liable for income tax audit have to file income
*******Mismatch in returns? Why checking your AIS before filing ITR is must now – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/mismatch-in-returns-why-checking-your-ais-before-filing-itr-is-must-now-487298-2025-07-31 Before filing your ITR this year, reviewing your AIS (Annual Information Statement) is crucial to avoid mismatches and tax notices. AIS captures your
Comprehensive1*******Error in ITR-2 online utility: CA highlights technical bug which may lead to taxpayers with capital gains income, carry forward loss getting scrutiny notices later – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/error-in-itr-2-online-utility-ca-highlights-technical-bug-which-may-lead-to-taxpayers-with-capital-gains-income-carry-forward-loss-getting-scrutiny-notices-later/articleshow/123040021.cms CAs highlight about technical bugs on the utility due to which taxpayers with capital gains income, carry forward loss can get scrutiny notices
Comprehensive*******ITR filing 2025: Who can file ITR-2, who cannot file it for FY 2024-25 (AY 2025-26)? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-2025-who-can-file-itr-2-who-cannot-file-it-for-fy-2024-25-ay-2025-26/articleshow/123039779.cms ITR 2 details Taxpayers must select the appropriate Income Tax Return (ITR) form according to their financial profile and sources of income once
Comprehensive1*******Step-by-step guide on how to file ITR-1 using excel utility with non-taxable LTCG income, salary, others – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/step-by-step-guide-on-how-to-file-itr-1-with-non-taxable-ltcg-income-salary-others-using-the-excel-utility/articleshow/123011368.cms Step-by-step guide on how to file ITR with non-taxable LTCG income, salary, others using online e-filing ITR excel utility The Income Tax Return ITR-1 form
Comprehensive*******Want to stay off the income tax radar? Expert says never cross these limits then – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/want-to-stay-off-the-income-tax-radar-expert-says-never-cross-these-limits-then-487309-2025-07-31 Everyday transactions like large cash deposits or credit card payments can trigger an income tax notice if they exceed certain limits. Knowing these
*******TCS layoffs: How to keep your health insurance without losing benefits | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/tcs-layoffs-how-to-keep-your-health-insurance-without-losing-benefits-125073100133_1.html IRDAI mandates that insurers must offer migration from a group indemnity health policy (excluding travel & personal accident) to an individual policy. As
Comprehensive*******Step-by-step guide on how to file ITR-1 using excel utility with non-taxable LTCG income, salary, others – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/step-by-step-guide-on-how-to-file-itr-1-with-non-taxable-ltcg-income-salary-others-using-the-excel-utility/articleshow/123011368.cms Step-by-step guide on how to file ITR with non-taxable LTCG income, salary, others using online e-filing ITR excel utility The Income Tax Return ITR-1 form
*******Invalid ITRs: Refunds restored, compliance fixed, burden eased for taxpayers; check details – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/invalid-itrs-refunds-restored-compliance-fixed-burden-eased-for-taxpayers-check-details-487097-2025-07-30 Previously, the deadline for processing such returns — most recently set as December 31, 2024, for Assessment Year 2023–24 — had expired. In
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