Clipped from: https://www.financialexpress.com/money/itr-refund-delay-your-ay-2025-26-tax-refund-depends-on-past-return-assessments-experts-explain-new-rule-changes-3908258/ ITR Filing AY 2025-26: Over 1.05 crore income tax returns (ITRs) have been filed so far in the ongoing assessment year 2025-26. Of
ITR Filing 2025: Small depositors take a hit under new tax regime — experts call for rethink – Money News | The Financial Express
clipped from: https://www.financialexpress.com/money/itr-filing-2025-small-depositors-take-a-hit-under-new-tax-regime-experts-call-for-rethink-3908064/ Before filing your ITR, know how the removal of 80TTA exemption under the new tax regime could cost you tax even on small
*******ITAT Chennai Quashes Time-Barred Reassessment Citing SC’s Rajeev Bansal Ruling
Clipped from: https://taxguru.in/income-tax/itat-chennai-quashes-time-barred-reassessment-citing-scs-rajeev-bansal-ruling.html Smt. Lakshmi Narasimhan Santhi Vs ACIT (ITAT Chennai) In a significant ruling dated 3rd July 2025, the Chennai Bench of the Income Tax
ITAT Mumbai Mandates DVO Reference in Valuation Disputes
Clipped from: https://taxguru.in/income-tax/itat-mumbai-mandates-dvo-reference-valuation-disputes.html Fakhruddin T. Malik Vs ITO (ITAT Mumbai) Addition u/s 56(2)(vii)(b)(ii) – difference between the stamp duty value and the agreement value of two
Section 263 Revision Unjustified as Assessment Not Erroneous or Prejudicial to Revenue
Clipped from: https://taxguru.in/income-tax/revision-u-s-263-justified-assessment-order-erroneous-prejudicial-interest-revenue.html Chandrakant Vallabhbhai Koladia Vs PCIT (ITAT Ahmedabad) ITAT Ahmedabad held that revisionary proceedings under section 263 of the Income Tax Act not invocable
*******FAQs on Assessments under Income-tax Law
Clipped from: https://taxguru.in/income-tax/faqs-assessments-income-tax-law.html Income tax assessments involve verifying the accuracy of a taxpayer’s return, as mandated by the Income-tax Department. This process, known as assessment, can
Limitation for Section 263 Starts from Original Assessment Date if issues under review not pertain to reassessment
Clipped from: https://taxguru.in/income-tax/limitation-section-263-starts-original-assessment-date-issues-review-pertain-reassessment.html Shiv Vegpro Pvt. Ltd. Vs PCIT (ITAT Jaipur) The Income Tax Appellate Tribunal (ITAT) Jaipur has ruled in favor of the assessee, Shiv
वडिलोपार्जित संपत्तीत वाटा मिळत नाही, तुमचा हक्क कसा मिळवावा? कायदा काय सांगतो? जाणून घ्या | Maharashtra Times
Clipped from: https://marathi.indiatimes.com/business/real-estate-news/ancestral-property-partition-daughters-rights-on-inheritance-wealth-what-law-says-how-to-get-share/articleshow/122262699.cms सर्वसामान्य लोकांना अनेकदा मालमत्तेचे हक्क आणि दाव्यांबद्दल कायदेशीर समज आणि नियमांचे ज्ञान नसते. मालमत्तेशी संबंधित नियम आणि अधिकारांबद्दल योग्य माहिती असणे खूप महत्वाचे
Is GST Appellate Tribunal a panacea for disputes? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/is-gst-appellate-tribunal-a-panacea-for-disputes/article69787476.ece It would be naive to assume that the commencement of operations of the GST Appellate Tribunal would be a silver bullet. The entire
*****NRI income tax 2025: Exemption limits, forms: Income Tax rule changes for NRIs this year | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/exemption-limits-forms-income-tax-rule-changes-for-nris-this-year-125070801070_1.html They must report Indian assets if income crosses Rs 1 cr as threshold for capital gains has increased, say experts Non-resident Indians (NRIs)
TaxAssist: Tax dept’s AI tool ‘not meant’ for resolving political donation disputes | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/tax-dept-s-ai-tool-not-meant-for-resolving-political-donation-disputes-125070801078_1.html TaxAssist should be used in ‘simple cases’ and professional advice in complex taxation matters is irreplaceable The Income-Tax Department’s new AI-powered tool will help individual
*****ITR filing 2025: Tax shock ahead? NRIs warned of pitfalls amid changes in rules for FY25 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-2025-tax-shock-ahead-nris-warned-of-pitfalls-amid-changes-in-rules-for-fy25-483610-2025-07-08 Income Tax Department has released new ITR forms for FY 2024-25, but delays in key utilities like ITR-2 are causing concern among NRIs.
*****Tax trap or smart move? Splitting PG rental income between parents explained – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/tax-trap-or-smart-move-splitting-pg-rental-income-between-parents-explained-483730-2025-07-08 Running a small PG, a family considers splitting rental income between parents to save tax. However, experts warn that mere income diversion without
ITR filing: Why are ITR-2 and ITR-3 forms still not available on Income Tax e-filing portal? Top reasons explained – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/financial-literacy/taxation/itr-filing-why-are-itr-2-and-itr-3-forms-still-not-available-on-income-tax-e-filing-portal-top-reasons-explained/articleshow/122224111.cms ITR filing FY 2024-25: It’s the month of July and every year this time, taxpayers are usually scrambling to get together documents to
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