Cash deposit, UPI, RTGS or NEFT: Which bank transactions can trigger an Income Tax notice? Which bank transactions can attract an Income Tax notice? Check SFT reporting limits for cash deposits, UPI, RTGS, NEFT, property… 3 weeks ago
Man buys Rs 50 lakh property, gets Rs 25 lakh tax demand from I-T Dept; here’s how ITAT gives him relief Can the Income Tax Department make a tax addition simply because your name appears in a builder’s Excel sheet? In… 3 weeks ago
Income Tax Dept identifies 20,000 ‘swapped provisions’ cases: How to correct your ITR before penalties? The Income Tax Department has identified up to 20,000 swapped provisions cases. Learn what they are, how to correct your… 4 weeks ago
Woman shows Rs 18 lakh salary in ITR, receives Rs 3.12 lakh tax demand due to employer’s TDS default; ITAT steps in Can the Income Tax Department ask you to pay tax again even after your employer has already deducted TDS from… 4 weeks ago
PSU employee gets Rs 19 lakh leave encashment, faces income tax demand on Rs 16 lakh – ITAT ruling say this A retired ONGC employee has won relief from the Income Tax Appellate Tribunal (ITAT) after the tax department restricted his… 4 weeks ago
Taxpayer shows Rs 6 lakh income in ITR, gives Rs 5 lakh cash loan; gets steep tax demand, ITAT intervenes A Mumbai taxpayer accused of giving a Rs 5 lakh cash loan won a complete victory at the ITAT after… 1 month agoJune 19, 2026
PAN card rules explained: 5 financial transactions where you must quote your PAN PAN acts as the common identifier across the tax ecosystem. 1 month ago
Man buys Rs 53 lakh property, registers in wife’s name; tax department raises Rs 42 lakh demand – ITAT says this A Mumbai ITAT ruling has provided relief to a taxpayer whose name appeared in a property purchase agreement even though… 1 month ago
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.… 2 months ago
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… 2 months ago
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… 2 months ago
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… 2 months ago
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… 2 months agoMay 30, 2026
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… 2 months ago
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… 2 months agoMay 30, 2026
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… 2 months agoMay 22, 2026
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… 2 months ago
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… 2 months agoMay 15, 2026
Taxpayer declares Rs 4.23 lakh income, faces Rs 1.52 crore tax demand over alleged loan interest earned; ITAT says this
Taxpayer files ITR-2 instead of ITR-4, reports business income under wrong head; here’s how ITAT deals
