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Clipped from: https://www.financialexpress.com/money/cash-gifts-from-family-relatives-not-exempt-from-income-tax-if-you-fail-to-explain-these-details-says-itat-4150996/ A recent ITAT ruling has shown that even tax-free gifts from relatives can become taxable if proper donor details are not maintained. In

Clipped from: https://www.financialexpress.com/money/income-tax-refund-scam-alert-fake-refund-message-costs-taxpayer-rs-1-5-lakh-heres-how-you-can-stay-safe-4151022/ Amid growing concerns over income tax refund delays, scammers are targeting anxious taxpayers with fake “pending refund” messages. After one taxpayer lost ₹1.5

Clipped from: https://www.financialexpress.com/money/income-tax-notice-to-high-earners-how-a-rs-10-65-lakh-wrong-deduction-triggered-rs-944-lakh-demand-and-200-penalty-4151148/ A high-income taxpayer’s Rs 10.65 lakh wrong deduction claim resulted in a Rs 9.44 lakh additional tax demand, including a steep 200% penalty.

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/widow-wins-right-to-higher-pension-and-dues-allahabad-hc-allows-claim-based-on-husbands-1993-regularisation/articleshow/128741063.cms Listen to this article in summarized format On February 5, 2026, the Allahabad High Court ruled that the legal representative of the deceased employee may

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/probate-granted-to-will-but-criminal-court-finds-the-will-to-be-forged-affected-party-can-apply-for-revocation-of-probate/articleshow/128702327.cms Listen to this article in summarized format On January 15, 2026, the Delhi High Court stated that during the probate proceedings of a

Clipped from: https://economictimes.indiatimes.com/wealth/tax/rs-27k-income-tax-liability-became-rs-9-44-lakh-pune-taxpayer-claims-fake-deductions-of-rs-10-65-lakh-taxman-imposes-200-penalty-itat-upholds-fine/articleshow/128705963.cms ET OnlineThe taxpayer, who had paid an income tax of Rs 27,792, was ordered to pay a penalty of Rs 9,44,073, a nearly

Clipped from: https://economictimes.indiatimes.com/wealth/tax/salary-earned-overseas-deposited-in-indian-nre-a/c-why-itat-ahmedabad-quashed-tax-departments-notice/articleshow/128711334.cms Listen to this article in summarized format On February 9, 2026, the Income Tax Appellate Tribunal (ITAT) Ahmedabad held that salary received by

Clipped from: https://economictimes.indiatimes.com/wealth/tax/i-have-taken-foreign-citizenship-can-i-send-my-mother-rs-510-lakh-a-year-in-india-without-fema-or-tax-scrutiny/articleshow/128745521.cms Listen to this article in summarized format These are a set of queries raised by ET Wealth readers, which have been answered by

Clipped from: https://economictimes.indiatimes.com/wealth/tax/80-lakh-cash-loan-row-madras-hc-refuses-to-force-pan-disclosure-sends-papers-to-i-t-dept/articleshow/128746303.cms ET OnlineLender who claimed Rs 80 lakh cash loan can’t be forced to reveal his PAN after borrower sought tax scrutiny; HC sends

Clipped from: https://www.financialexpress.com/money/new-hra-claim-rules-under-income-tax-act-2025-rent-paid-to-relatives-to-face-scrutiny-heres-what-changes-4152185/ Salaried employees claiming HRA may soon face tighter disclosure norms under the Draft Income-tax Rules, 2026. The CBDT has proposed that tenants must

Clipped from: https://www.financialexpress.com/money/nri-bought-rs-2-crore-mumbai-flat-got-notice-for-unexplained-money-itat-clarifies-tax-rule-on-foreign-income-4153498/ A Dubai-based NRI who bought a ₹2 crore flat in Mumbai without filing an ITR in India received a tax notice treating the

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cyber-fraud-rbi-ready-with-a-25000-shield-for-digital-fraud-victims-in-india/articleshow/127970508.cms Synopsis RBI MPC: The Reserve Bank of India on Friday proposed a framework to compensate customers up to ₹25,000 for losses from small-value

Clipped from: https://economictimes.indiatimes.com/wealth/save/rbi-acts-on-fraud-customers-to-get-up-to-rs-25000-compensation-for-losses-incurred-in-small-value-fraudulent-transactions-announces-rbi/articleshow/127970319.cms?from=mdr Listen to this article in summarized format The Reserve Bank of India announced that bank customers who are victims of small value financial fraud resulting in their loss can

Clipped from: https://www.thehindu.com/business/rbi-plans-to-compensate-up-to-25000-in-online-fraud-losses/article70601181.ece For such small-value fraudulent transactions, which constitute 65% of online frauds, no questions will be asked to the victim if she/he has even

Clipped from: https://economictimes.indiatimes.com/wealth/save/digilocker-fraud-on-google-play-store-how-scammers-are-stealing-money-how-you-can-avoid-it/articleshow/125789295.cms?from=mdr The Indian government has put out an urgent warning about fake DigiLocker apps that are being used to scam Indian consumers and fraudsters are taking advantage of

Clipped from: https://timesofindia.indiatimes.com/city/thane/thane-engineer-loses-rs-3-crore-in-online-trading-fraud/articleshowprint/128669316.cms THANE: A 46-year-old mechanical engineer from Thane has alleged that he was cheated of more than Rs 3 crore after being persuaded to

lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/online-fraud-losses-rbi-may-compensate-up-to-25000-but-conditions-apply-check-here/articleshow/127976060.cms?from=mdr Synopsis The Reserve Bank of India will propose a framework to compensate customers up to ₹25,000 for losses from small-value fraudulent digital transactions,

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/online-fraud-losses-rbi-may-compensate-up-to-25000-but-conditions-apply-check-here/articleshow/127976060.cms?from=mdr Synopsis The Reserve Bank of India will propose a framework to compensate customers up to ₹25,000 for losses from small-value fraudulent digital transactions,