Bombay High Court quashes non-bailable warrant against actor Arjun Rampal in income tax case
The Bombay High Court has quashed a local court order issuing a non-bailable warrant against actor Arjun Rampal in a 2019 tax evasion case, terming the order ‘mechanical and cryptic’ …
ITR-U Explained: A New 4-Year Window to Fix Your Tax Returns
Understand how the Finance Act, 2025, changes the way you can update past income tax returns—along with the penalties and restrictions involved …
Property deals over Rs 30 lakh? Karnataka Sub-registrar to inform income tax department at registration
The Karnataka Stamps and Registration Department has issued a directive mandating all sub-registrars in the state to collect a Specified Financial Transaction (SSFT) statement from individuals involved in property transactions …
All ITR forms notified for AY 2025-26 but you still can’t file your income tax return – Find out why
If you are preparing to file Income Tax Return (ITR), then this news is important for you. So far, the Income Tax Department has not made ready ITR e-filing utilities on its portal for …
One-time set-off of long-term capital loss against STCG: New income tax bill 2025 allows this from tax year 2026-27 onwards
In technical terms, the new income tax bill, 2025 allows any brought forward long-term capital loss (LTCL) incurred up to March 31, 2026, to be set-off against any short-term capital …
90 crore tax deduction approved! Delhi HC allows 54F income tax deduction for buying multiple floors! Here’s what it means for you
Is owning multiple floors in the same residential building equivalent to owning more than one residential property? And if that is the case, will the concerned individual not be eligible …
Income tax dept notifies new ITR-U form: Know who can file updated returns
The Central Board of Direct Taxes (CBDT) has notified the new Income Tax Updated Return form, known as ITR-U. The form comes with changes introduced in Budget 2025 and is …
Weekend retreats or tax retreats? India’s elite use farmland to save crores
It’s a crisp Sunday morning. A sleek BMW winds its way past Gurgaon’s high-rises, taking a sharp turn off the expressway onto a dusty trail flanked by green fields. The …
Trump’s ‘One Big Beautiful Bill Act’: How remittance tax plan might deliver a big economic blow to US allies?
A new tax has been proposed in the United States one that is aimed at these remittances specifically. A US bill proposes a 5% excise tax on any remittances that …
How Much Cash Can You Deposit In Savings Account Without Attracting Income Tax Notice?
How much money can I safely deposit in my savings account before the taxman comes knocking? …
