Social Media Ideas for Income Tax News And Articles

ITR filing: 8 costly mistakes salaried employees should avoid to prevent tax notices and refund delays

ITR 2026: With tax authorities now having access to extensive financial information through multiple reporting systems, experts are advising that salaried employees should move bey...

ITR Filing 2026: Don't panic! These 8 AIS transactions are usually not taxable

The Annual Information Statement (AIS) may list several high-value financial transactions, but not all of them are taxable. Tax experts say taxpayers should treat the AIS as an inf...

When Tax Rules Surprise You – The Taxman Isn’t Always Asking for More!

When Tax Rules Surprise You – The Taxman Isn’t Always Asking for More! Query 1] My income during the year from salary was ₹11,72,190/-, Interest & Other Income was of ₹55,247/-...

Section 10(14)(i) under new tax regime: Wrong claims can trigger income tax notices, warns tax expert

While taxpayers under the new tax regime have limited opportunities to claim exemptions, Section 10(14)(i) remains available for specified allowances provided by employers to meet...

Latest Tax Updates: Section 7508A Refund Claims, Whistleblower Award Eligibility, and Court Restrictions on IRS Collecti...

ITR filing 2026: Invested in REITs or InvITs? Here's how to report the income correctly while filing your tax returns

Investors who earned income from Real Estate Investment Trusts (REITs) or Infrastructure Investment Trusts (InvITs) during FY26 should ensure they report it correctly while filing...

In the blogs: Ignorance of the law is no excuse

Taxes don't pause; chaotic policy; larger tax burden; and other highlights from our favorite tax bloggers.

File your tax return in the right order

Pick the right ITR form, gather three documents and know two key dates. Here is the full sequence for filing your return before the July 31 deadline without panic.

The simple and complex of I-T: ITR-1 got easier, ITR-2 got harder

Three years of quiet redesign have redrawn who does what on India’s two most-used tax forms — and where the complexity now sits

Delhi ITAT Deletes Tax Penalty on Salaried Person for Failing to File ITR Even With ₹30 Lakh Income

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) removed the penalty of Rs. 3,74,072 levied on a salaried employee who had not submitted his original ITR despite earning...

ITR-BN: The New Return Form for Block Assessments – What Every Taxpayer Should Know

ITR-BN: The New Return Form for Block Assessments – What Every Taxpayer Should Know   CBDT’s new form puts the entire block-period tax history on the assessee’s table Search procee...

Beyond the click: What to do after filing your ITR-1 or ITR-2

Verification, revised returns, the Section 143(1) intimation and the refund cycle — a guide to the post-filing journey

Received Salary Arrears? Don’t Miss Section 89 Relief-It Could Save You Thousands in Income Tax

Received Salary Arrears? Don’t Miss Section 89 Relief-It Could Save You Thousands in Income Tax   How Form 10E Can Reduce Tax on Salary Arrears and How AI Makes the Calculation Sur...

Income Tax awareness programme held at IGC Lassipora

The Income Tax Office, Udhampur, in collaboration with the Industrial Association, organised an Income Tax Awareness Programme at the Industrial Growth Centre, Lassipora, to famili...

Form 16 delay led to ITR non-filing and ₹3.74 lakh penalty: How a salaried employee won his case

A salaried employee’s failure to file his ITR after switching jobs led to a ₹3.74 lakh penalty, even though the TDS deducted by his employers was reflected in Form 26AS. ITAT Delhi...

Income Tax Officials Review Roadmap to Enhance Taxpayer Services

In the two-day conclave of senior IT department officials, the problems discussed were improving taxpayer services, reducing litigation, strengthening infrastructure, and preparing...

Rs 30L salary, missed ITR after job switch; why ITAT cancelled Rs 3.74 lakh penalty

What appeared to be a filing lapse eventually turned into a tax penalty of Rs 3.74 lakh. The Income Tax Department took a strict view of the matter, maintaining that had the non-fi...

New Tax Regime vs. Old: A Mutual Fund Investor's Checklist for FY 2026-27

New or old tax regime for FY 2026-27? Learn how ELSS, equity LTCG, and debt fund gains are taxed under each regime – with a six-point investor checklist.

ITR 2026: Filing TDS/TCS return for Q1? New forms, section codes and July 31 deadline explained

The first quarterly TDS and TCS return filing under the Income-tax Act, 2025 is due on July 31, 2026, with new return forms and section codes replacing the old framework. Here's wh...

ITAT Bengaluru Addresses ₹1.23 Lakh Tax Demand Caused by Consultant’s Wrong Tax Regime Selection

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, ruled that due to an error made by the tax consultant, the income tax return was processed under the old tax regime. As a...

ITR filing 2026: Tax Audit Season is here -- businesses, professionals: Who needs audit this month?

The presumptive taxation scheme is designed to simplify tax compliance for eligible taxpayers. Instead of maintaining detailed books of account and calculating actual profits, taxp...

87A Rebate: When the Computer Said “No”, Nagpur ITAT Said “Yes”

87A Rebate: When the Computer Said “No”, Nagpur ITAT Said “Yes”   Nagpur ITAT allows rebate on special-rate income for AY 2024-25; but was this litigation really necessary? Imagine...

Tax filing 2026: Missed crypto income in ITR? Why investors could receive an Income Tax notice

Crypto investors who fail to report digital asset income in their ITR could face scrutiny if their tax filings do not match transaction and TDS data reported by exchanges. Experts...

ITR Filing Deadline: What It Means for Your Active Fund Portfolio

Every switch and SWP in your active fund portfolio is taxable. See what the July 31 ITR deadline means for your gains, losses, and this year's tax bill.