*******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
Insurance Query: NRI Health Insurance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-nri-health-insurance/article69883367.ece A robust health insurance plan that adequately covers my family back home I recently moved to the US for work, but my spouse
*Joint FD with family? Here’s why it could mean a tax notice for you too | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/joint-fd-with-family-here-s-why-it-could-mean-a-tax-notice-for-you-too-125082201059_1.html Tax experts warn that Rule 114E (2) duplicates high-value deposits in AIS, leaving secondary joint holders like homemakers and seniors vulnerable to mismatch
*******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
Things to Remember This Tax Season – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/things-to-remember-this-tax-season/article69964803.ece Deadline has been extended to September 15, for individuals and HUFs not required to undergo a tax audit This year, the government has
Tax Query: Keeping Up with Taxes – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-tds-exemption-on-bank-interest/article69958988.ece Taxation for senior citizens earning less than Rs 12 lakh and implications of MF units transferred to family members 1 I am a
‘Stop paying penalties to govt’: CA shares 2 minute guide to pay self assessment tax online – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/stop-paying-penalties-to-govt-ca-shares-2-minute-guide-to-pay-self-assessment-tax-online-490743-2025-08-22 Filing tax returns serves as proof of income, making it easier to access loans, visas, and other financial benefits. Timely filing helps individuals
EPF, PPF interest is tax free but not declaring it could cost you later – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/epf-ppf-interest-is-tax-free-but-not-declaring-it-could-cost-you-later-490777-2025-08-23 Each component of the fund is treated separately for taxation, with specific rules governing how much remains exempt and what becomes taxable. Online
*****Filing ITR for deceased, advance tax on extra income and capital gains on ancestral property – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-income-tax-legal-rep-has-to-file-last-itr-of-deceased-3954941/ This guide addresses common income tax queries, including the responsibilities of a legal representative for filing the last tax return of a deceased
ITR filing AY 2025-26: How to add and validate your bank account details to receive income tax refund – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-ay-2025-26-how-to-add-and-validate-your-bank-account-details-to-receive-income-tax-refund/articleshow/123449046.cms ET OnlineHow you can add and validate your bank account details to receive income tax refund this financial year. Verifying your income tax return (ITR)
All ITR forms released for AY 2025–26, but will CBDT bend to calls for Oct 30 deadline? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/all-itr-forms-released-for-ay-2025-26-but-will-cbdt-bend-to-calls-for-oct-30-deadline-490595-2025-08-22 Pressure is building for another push—particularly from bodies like the Gujarat Chamber of Commerce and Industry (GCCI), which is asking for a new
JioFinance Rs 24 ITR filing – How it stacks up against ClearTax, TaxBuddy, Tax2Win and other platforms – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/jiofinance-rs-24-itr-filing-plan-vs-cleartax-taxbuddy-tax2win-and-others-charges-compared-3954022/ JioFinance is offering an ITR filing plan for just Rs 24. This plan has been introduced in partnership with TaxBuddy and is currently
GST 2.0 Reforms: What it means for you and your wallet – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/gst-20-reforms-what-it-means-for-you-and-your-wallet-490527-2025-08-21 Since its launch in 2017, GST has achieved much of its intended purpose—simplifying compliance, reducing the cascading effect of taxes, and creating a
GST ITC rules: Invoice date doesn’t matter, delivery date does; here’s why – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/gst-itc-rules-invoice-date-doesnt-matter-delivery-date-does-heres-why-490363-2025-08-21 End-of-year bulk orders may not reduce GST liability immediately. Learn about GST ITC, Input Tax Credit, GSTR-3B, delivery-based credit, business accounting, tax compliance,
FIFO tax trap: How one Demat rule could be quietly killing your compounding gains – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/fifo-tax-trap-how-one-demat-rule-could-be-quietly-killing-your-compounding-gains-490380-2025-08-21 Suppose you bought 120 shares at ₹900 in 2022 and another 120 at ₹1,500 in 2025. If you sell 120 shares today at
*******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.
*****Capital gains tax hack: How one taxpayer avoided Rs 10 lakh in LTCG, but paid Rs 0; here’s how – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/capital-gains-tax-hack-how-one-taxpayer-avoided-rs-10-lakh-in-ltcg-but-paid-rs-0-heres-how-490342-2025-08-20 Capital gains tax on property depends on holding period—short-term sales (within 2 years) are taxed at slab rates, while long-term sales attract 12.5%
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