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Why filing income tax return is about more than taxes

Your ITR is not just a tax document: 5 ways it can help your finances

Many taxpayers think filing an ITR is necessary only when taxes are payable. Experts say that is a costly misconception.…

June 4, 2026 18:28 IST

Made a donation? Here's how much tax deduction you can actually claim under Section 80G

ITR filing 2026: Not all donations 100% tax exempt under old regime; here’s what taxpayers need to know

Many taxpayers assume every donation qualifies for a 100% tax deduction, but that’s not the case. Under Section 80G, donations…

June 4, 2026 14:36 IST

Joint property, single payer: Can both husband and wife claim LTCG tax benefits on sale?

ITR Filing AY 2026-27: Can both husband and wife save LTCG tax on a jointly owned property?

Many couples buy homes in joint names, but often only one spouse pays the purchase cost. When the property is…

June 3, 2026 14:06 IST

Man owns 5 flats in Mumbai, all vacant; still got Rs 7.5 lakh tax demand - here's how ITAT rules

Man owns 5 flats in Mumbai, earns zero rent; still gets a Rs 7.5 lakh tax demand — here’s what ITAT says

A Mumbai taxpayer was taxed on Rs 7.43 lakh of deemed rent despite earning no rental income from five vacant…

June 2, 2026 16:58 IST

Man declares Rs 6.3 lakh income, pays Rs 27.65 lakh in credit card bills; gets tax notice - ITAT ruling says this

Man reports Rs 6.3 lakh income, pays Rs 27.65 lakh in credit card bills; gets tax notice – ITAT ruling says this

A Mumbai taxpayer who declared income of just Rs 6.3 lakh came under the tax scanner after paying credit card…

May 30, 2026 11:54 IST

Old vs new regime switch triggers tax notice for taxpayer

Taxpayer gets tax notice after legally switching tax regime; here’s why

A Bengaluru-based business consultant received an Income Tax Department intimation despite correctly filing his ITR and legally switching from the…

May 28, 2026 13:10 IST

Bitcoin tax case: ITAT quashes Rs 88 lakh reassessment against Lucknow taxpayer

Man invests Rs 9.6 lakh in crypto, books over Rs 3 lakh loss; gets Rs 88 lakh tax demand – ITAT intervenes

A Lucknow taxpayer who claimed to have invested only Rs 9.6 lakh in Bitcoin but reported a loss landed in…

Updated: May 30, 2026 06:43 IST

This legal tax break can turn your property sale gains tax-free, but most miss it

Sold a house and made profit? This hidden tax break can bring your capital gains tax to zero

Selling a house does not always mean paying capital gains tax. Under Section 54 of the Income Tax Act, eligible…

Updated: May 22, 2026 16:06 IST

Income Tax Dept slapped man with Rs 51.2 lakh penalty over Form 16-based ITR; ITAT steps in

Employee files ITR using Form 16, gets Rs 51.2 lakh tax penalty; ITAT ruling offers key lessons for taxpayers

An IT employee who claimed an income tax exemption based on his employer-issued Form 16 was slapped with a Rs…

May 18, 2026 17:54 IST

Income tax treats loan entries as unexplained income - This taxpayer’s case offers an important lesson

Woman faces tax demand over unsecured loans as transactions flagged as suspicious—what helped her fight back

A search-led tax case involving Ahmedabad real estate-linked taxpayer Dimple Robin Goenka has thrown light on how unexplained cash credit…

Updated: May 15, 2026 12:38 IST

Your Form 16 may be correct, but you could still face a tax demand — here’s why

Got a tax demand even though your Form 16 matched your ITR? A real case shows how missing a mandatory…

May 14, 2026 15:47 IST

India denies temple gold monetisation rumours, calls viral claims ‘false and baseless’

Rs 1 crore gold seized from taxpayer during search with no purchase bills — can it be taxed? ITAT ruling explains

Gold found in an Income Tax search isn’t always taxable. A recent ITAT ruling shows how CBDT’s jewellery limits can…

April 29, 2026 19:11 IST

How an NRI saved Rs 12.5 lakh in TDS using Form 128 on property sale - Details here

NRI sells Rs 1 crore property, saves Rs 12.5 lakh TDS legally — how this form cut his tax to zero

An NRI avoided a Rs 12.5 lakh TDS deduction on a Rs 1 crore property sale by using a simple…

April 28, 2026 18:02 IST

Man pays ₹11.83 lakh credit card dues, faces tax addition—ITAT steps in

Man pays Rs 11.83 lakh credit card bill, faces tax addition on entire amount as I-T dept flags it as income — ITAT steps in

Credit card payments flagged in Statement of Financial Transactions (SFT) / Annual Information Return (AIR) data can lead to tax…

April 27, 2026 17:55 IST

ITR filing not required: Income Tax Act 2025 allows these taxpayers to use Form 125 — check eligibility

Senior citizens aged 75+ with only pension and interest income can now avoid filing ITR using Form No. 125 under…

April 27, 2026 13:26 IST

Kept cash at home, deposited later — tax dept flags it, ITAT steps in

Woman keeps Rs 15 lakh cash withdrawn from bank at home, deposits it later — faces tax trouble, ITAT intervenes

A taxpayer’s cash deposit raised red flags after the tax department questioned its source and labelled it unexplained income. The…

April 24, 2026 14:11 IST

Struggling with digital tax system? Taxpayers may ask for relief from I-T dept - ITAT ruling clarifies

Big relief for taxpayers: Lack of digital knowledge valid reason for missing deadlines, says ITAT

ITAT Jaipur has condoned a 631-day delay in filing an appeal, citing lack of digital literacy, and restored the case…

April 21, 2026 18:20 IST

Employer deducted TDS but didn't deposit it? ITAT ruling clears the confusion for taxpayers

What happens if your employer deducts TDS but doesn’t deposit it with govt? ITAT ruling brings clarity

A Kolkata ITAT ruling brought major relief to salaried taxpayers, holding that TDS credit cannot be denied even if the…

April 20, 2026 13:54 IST

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