The officer treated Rs 41.69 lakh as unexplained cash deposits under Section 69A. (Image for representative…
Tag: itr filing
He got Rs 30 lakh salary but missed ITR filing after changing jobs due to delayed Form 16; Income Tax department imposed Rs 3.74 lakh penalty, how taxpayer won relief from ITAT
Although the Form 16 was not available to him, Aggarwal’s Form 26AS contained the details of…
Received income tax notice under Section 143(3)? What is faceless assessment & how you should respond
Assessments under Section 144B of the Act are often described as both “faceless” and “jurisdiction-less”. India’s…
ITR filing: How to track your tax refund status online; here’s a quick step-by-step guide
The tax-filing portal will show whether the refund is under processing, issued, or adjusted against an…
ITR filing: Sold shares, property or crypto this year? Here’s what you must know before filing your income tax return
The first step in capital gains taxation is to identify the asset sold and determine whether…
ITR filing: How to claim HRA exemption when filing income tax return – top points to keep in mind
Taxpayers should retain rent receipts, lease agreements, proof of rent payments, and other supporting documents. (AI…
ITR filing FY 2025-26: How to calculate taxes under old income tax regime – explained
Taxpayers should carefully evaluate their eligible deductions before deciding which tax regime to opt for. (AI…
ITR filing: Switched jobs? How to file tax return and mistakes to avoid
The additional tax exposure can be significant where the employee has received taxable retirement benefits. (AI…
ITR filing FY 2025-26: Can you switch between new and old income tax regime every year?
Individuals not having business or professional income enjoy greater flexibility, as they can opt between the…
ITR filing FY 2025-26: What is Form 26AS & what if it has errors? Things taxpayers should do to avoid getting a tax notice
Form 26AS and AIS are consolidated tax statements available through a taxpayer’s e-filing account. (AI image)…