indiatimes.com

81 articles in the TruthFoundry index. Each links out to the original.

• Indian Taxpayers Navigate Foreign Income Taxation to Avoid Double Taxation · Indian taxpayers must utilize tax treaties and accurate reporting to prevent double taxation on global income for AY 2026-2027.
• How to Download Interest Certificates from SBI, HDFC, ICICI, and Axis Banks for FY 2025-26 ITR Filing · Taxpayers can download interest certificates from major Indian banks to verify income for FY 2025-26 income tax returns.
• India's New Income Tax Act 2025 Consolidates Provisions Amidst Compliance Concerns · India's Income Tax Act 2025 consolidates old provisions into one section, potentially raising taxable income.
• Income Tax Penalties Explained: Under-reporting, Not Furnishing ITR, and More · Riju Mehta explains various income tax penalties including under-reporting and failure to file returns.
• India Addresses Tax Compliance Challenges for Influencers and Gig Workers · Indian influencers and gig workers encounter tax compliance difficulties, including TDS discrepancies and unclear classification as businesses or professionals.
• How to Check Your Annual Information Statement Before Filing ITR · Taxpayers must verify their Annual Information Statement before submitting their Income Tax Return.
• NRI Wins Partial Tax Relief in Bangalore Property Sale Dispute · ITAT Bangalore grants partial relief to NRI who claimed travel and utility expenses against a tax notice on his Rs 2.63 crore property sale.
• Salaried Employees Can Claim Child Education Allowance Exemption Under Old Tax Regime · Salaried employees can claim child education allowance tax exemption for up to two children under the old tax regime with a monthly limit of Rs 3,000 per child for FY 2026-27.
• India's AIS to Display Foreign Assets and Income via AEOI Data · CBDT orders that foreign financial data shared under AEOI will appear in taxpayer AIS from July 2026.
• India Mandates New Disclosures for Section 80G Tax Deductions in 2026 · Taxpayers must report transaction reference numbers and bank IFSC codes for Section 80G donations in AY 2026-2027.
• CPC Calculates Section 234B Interest Beyond Payment Dates Violating Law · Centralised Processing Centre erroneously charges Section 234B interest after tax payment, contrary to legal mandates.
• Step-by-Step Guide to Filing ITR-2 Online for 2026 Tax Year · Eligible taxpayers can file ITR-2 online via the e-filing portal with specific schedules and e-verification.
• Income Tax Department Issues Guidance on Filing ITR for FY 2025-26 · The Income Tax Department provides 10 critical mistakes to avoid and tips for filing ITR for FY 2025-26.
• Why Filing Income Tax Returns Is Crucial for Loans, Visas, and More · Consistently filing Income Tax Returns builds a verifiable financial record essential for loans, visas, and tenancy.
• Taxpayers Must Verify AIS Data Before Filing 2026-27 Returns · Tax authorities warn that relying solely on AIS data may lead to incorrect capital gains reporting for AY 2026-27.
• New Income Tax Rules Limit Cash Transactions to Prevent Evasion · India's Income Tax Act 2025 introduces cash transaction limits to curb tax evasion, capping daily cash receipts at Rs 2 lakh.
• New 'Other Income' Column Introduced in ITR for 2026-2027 Assessment Year · The Income Tax Return (ITR) for 2026-2027 introduces a new 'Other Income' column under the Exempt Income Schedule to disclose non-taxable receipts.
• ITAT Delhi Orders Tax Refund After Landlord Missed E-Verification Due to Father's Illness · Delhi ITAT ordered a Rs 17 lakh tax refund denied due to missed e-verification caused by a taxpayer caring for his ill father.
• 8 Reasons Why Filing Your Income Tax Return Is Beneficial · Filing an Income Tax Return offers refunds, loss carryforwards, and improved loan and visa prospects.
• Understanding Section 143(2) Scrutiny Notices for AY 2025-26 Filing Season · Taxpayers receive Section 143(2) scrutiny notices during the AY 2026-27 filing season for potential under-reporting of income.
• Indians Abroad May Pay Zero Tax on Indian Shares If Purchased With Foreign Exchange · Indian expats can avoid capital gains tax on Indian shares if bought with convertible foreign exchange and reinvested.
• Understanding Mandatory ITR Filing Requirements and Exemptions · Individuals and HUFs must file ITR if taxable income exceeds the basic exemption limit, even if exempt for refunds or loan applications.
• Mumbai ITAT Rules Employer Must Credit Full TDS After Tax Demand · Mumbai ITAT ordered full TDS credit for an IT professional whose employer failed to remit deducted taxes to the government.
• Income Tax Dept Flags 20,000 Cases of 'Swapped Provisions' Tax Evasion · Indian Income Tax Department identified 20,000 cases of taxpayers using 'swapped provisions' to evade taxes.
• ITR Filing Deadline for AY 2026-27 Unlikely to Be Extended · India's ITR filing deadline for AY 2026-27 remains strict with no expected extension.
• Salaried Taxpayers Can File ITR Without Form 16 Using AIS and Form 26AS · Salaried taxpayers can file ITR for FY 2025-26 using AIS and Form 26AS if Form 16 is delayed.
• Indian Professionals Face 40% US Estate Tax on ESOPs After Death · Non-resident Indian professionals risk 40% US estate tax on US ESOPs exceeding $60,000 after death.
• Income Tax Department Clarifies No Dual Filing Required for FY 25-26 · Taxpayers earning income in FY 25-26 will file only one return under the new Income Tax Act.
• Indian Taxpayers Must Report US 401(k) Withdrawals in ITR Schedules FSI and FA · Indian taxpayers must report US 401(k) withdrawals and maturities in ITR schedules FSI and FA to avoid tax issues.
• Income Tax AY 2026-27: Salaries Under 12.75L Exempt, But Special Incomes Taxed · Salaried income under Rs 12.75 lakh is tax-free, but capital gains and VDAs remain taxable.