Search results for Itr

ITR forms updated for AY 2025-26: ITR-1, ITR-4 now allow reporting of two properties

A key change this year expands eligibility, allowing taxpayers to report income from up to two house properties in ITR-1 and ITR-4. Earlier, those with multiple properties had to f...

ITAT Holds Securitisation Trust Not Taxable; Income Taxable in Investors’ Hands

ITAT Holds Securitisation Trust Not Taxable; Income Taxable in Investors’ Hands The assessee, a trust created by Asset Reconstruction Company India Ltd. (ARCIL), was formed under t...

Claiming ITC? Don’t Click ‘Submit’ Before Reading This

Claiming ITC? Don’t Click ‘Submit’ Before Reading This Most Income Tax Credit (ITC) notices are not triggered by fraud but by small compliance errors. A missed detail, a minor mism...

Think Before You Click Submit: ITR Forms Get Smarter

Think Before You Click Submit: ITR Forms Get Smarter Filing an ITR used to be about filling numbers. Now, it is about matching data. The newly notified ITR forms for AY 2026–27 may...

ITR Processing: Everything You Need to Know About Section 143(1) Intimation

ITR Processing: Everything You Need to Know About Section 143(1) Intimation The process of analysing an income tax return (ITR) by the Income Tax Department, after its filing by a...

ITR 2026-27: अब मिनटों में खुद ही भर लेंगे ITR, 'कर साथी' हर कदम पर करेगी मदद; जानें क्या फुल प्रॉसेस?

अब मिनटों में खुद ही भर लेंगे ITR, 'कर साथी' हर कदम पर करेगी मदद; जानें क्या फुल प्रॉसेस?

5 Big ITR Changes Taxpayers Must Know Before Filing AY 2026-27

5 Big ITR Changes Taxpayers Must Know Before Filing AY 2026-27 The Income Tax Department has opened online filing and released Excel utilities for ITR-1 and ITR-4, like every year,...

ITR Filing Season Begins: CBDT Releases ITR-1 and ITR-4 Utilities for AY 2026-27

ITR Filing Season Begins: CBDT Releases ITR-1 and ITR-4 Utilities for AY 2026-27 The anxious wait of taxpayers has come to an end, as the Income Tax Department has released the uti...

Delhi CESTAT Quashes Service Tax Demand Based Solely on ITR and Form 26AS Data Without Proper Investigation

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in New Delhi ruled that the tax department cannot enforce a service tax demand by invoking the extended limitation...

Foreign Assets Reporting In ITR for FY 2025-26

Foreign Assets Reporting In ITR for FY 2025-26 INTRODUCTION If you are an Indian resident and owning any foreign assets or securities or having any other financial interest outside...

ITAT Hyderabad Deletes ₹14.16 Crore Addition: Third-Party Diary Entries & “Zero Inflation” Theory Rejected

ITAT Hyderabad Deletes ₹14.16 Crore Addition: Third-Party Diary Entries & “Zero Inflation” Theory Rejected   Major Relief in Search Assessment Cases Based on Third-Party Eviden...

ITAT Grants Tax Exemption to Educational Publishing Trust Under Sections 11 and 12

ITAT Grants Tax Exemption to Educational Publishing Trust Under Sections 11 and 12 The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of M/s Rashtr...

ITAT Delhi: Genuine ₹85.25 Lakh Gratuity Claim Cannot Be Denied Due to ITR-TAR Mismatch

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that a genuine claim of gratuity deduction cannot be refused only because of an inadvertent mismatch between the In...

Income Tax return: Complete Income Tax Guide, Important Dates, ITR Forms and New Rules Explained

Income Tax return: Complete Income Tax Guide, Important Dates, ITR Forms and New Rules Explained The new financial year 2026-27 has been effective from 1 April 2026. At this time,...

ITR-1 Changes AY 2026-27: Portal vs Software Filing

The ITR-1 (Sahaj) form for AY 2026-27 introduces several important updates to simplify return filing and expand eligibility. However, these changes also bring new reporting respons...

ITAT Accepts Initial Evidence of Agricultural Income, Remands Matter for Verification

ITAT Accepts Initial Evidence of Agricultural Income, Remands Matter for Verification The Tribunal set aside the addition of Rs 85,71,000 under Section 69A and remanded the matter...

IT Department Organises Mumbai Outreach Programme on the New IT Act and Rules, 2025

The Income Tax Department, under the guidance of Nirupama Kotru, Chief Commissioner of Income Tax-4, Mumbai, organized an Outreach Programme in Mumbai. To raise awareness of the pr...

ITR Filing: नोटिस और जुर्माने से बचना है? तो ITR भरते समय ध्यान में रखें ये बातें

ITR फाइलिंग के दौरान छोटी गलतियां भी टैक्स नोटिस, पेनल्टी और रिफंड में देरी की वजह बन सकती हैं. सही ITR फॉर्म, सही इनकम डिटेल और समय पर ई-वेरिफिकेशन करके इन परेशानियों से बचा जा सक...

Is a Wife Entitled to Access Husband’s ITR Details via RTI for Maintenance Proceedings?

Delhi High Court bars RTI access to husband’s ITR; directs spouses to rely on affidavits in maintenance cases for income details.

ITC Not Allowed on Lease Rentals Paid for Industrial Land: AAAR

ITC Not Allowed on Lease Rentals Paid for Industrial Land: AAAR This case essentially boils down to a fight over whether a company can get a tax break on the rent it pays for indus...

ITAT Upholds Section 11 Exemption for Gujarat Maritime Board Despite Commercial Receipt Allegations

ITAT Upholds Section 11 Exemption for Gujarat Maritime Board Despite Commercial Receipt Allegations The Ahmedabad Bench of the Income Tax Appellate Tribunal sided with the Gujarat...

IRSA Inversiones y Representaciones Sociedad Anónima (IRS) Q3 2026 Earnings Call Transcript

ITAT Restores Matter After AO Failed to Verify Property Transaction Nature

ITAT Restores Matter After AO Failed to Verify Property Transaction Nature The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) remanded a matter involving long-term cap...

ITAT Grants Relief After Finding Jurisdictional Defects in Search Assessments

ITAT Grants Relief After Finding Jurisdictional Defects in Search Assessments The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) on 15 April 2026 held that once a search o...