Income-tax filers rise to 8.67 crore as compliance checks expand
The number of income-tax return filers rose from 6.96 crore in 2021-22 to 8.67 crore in 2025-26, according to data cited by Minister of State for Finance Pankaj Chaudhary in the Lok…
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ITAT rules Tamil Nadu property seller not liable for higher stamp duty tax
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of a property seller who faced a tax demand of nearly Rs 99 lakh under Section 50C. Mr…
Indian students in US face four separate tests to invest in stocks
Indian students in the US cannot rely on their visa alone when investing in stocks, according to tax experts. Status under FEMA, Indian income tax law, and US tax rules are four…
Track ITR refund status online after July 31 deadline
Taxpayers who filed their Income Tax Return (ITR) by the July 31, 2026, deadline can track their refund status on the e-filing portal (incometax.gov.in). A refund arises when tax paid exceeds final…
Lower or nil TDS certificates to go fully online soon
The Income Tax Department is preparing rules to let taxpayers apply online for lower or nil TDS certificates. Minister of State for Finance Pankaj Chaudhary told the Lok Sabha the enabling rule,…
HUF tax benefit not available to salaried individuals: Experts
A Hindu Undivided Family (HUF) exists as a separate taxable entity under the Income Tax Act, allowing rental, business, and investment income to be taxed at the HUF's slab rate. But this…
Freelancers face Aug 31 ITR deadline, choose ITR-3 or ITR-4
Freelancers and self-employed professionals must file income tax returns by August 31, 2026, for assessment year 2026-27, unless a tax audit applies, which extends the deadline to October 31, 2026. Unlike salaried…
Missed ITR deadline? Key remaining dates for FY26 filing
The July 31 deadline for filing income tax returns (ITR) for assessment year (AY) 2026-27 has passed, but taxpayers still have several options to comply. NDTV Profit reports that belated returns (ITR…
Cash rent allowed for HRA, but proper records needed
Paying rent in cash does not automatically disqualify salaried individuals from claiming House Rent Allowance (HRA) under the old tax regime, says a Livemint report. However, since cash payments leave no digital…
FD and KVP interest remains taxable under 2025 tax law
Interest from fixed deposits and Kisan Vikas Patra will remain taxable under the Income Tax Act, 2025, which applies from 1 April 2026, Livemint reports. Both are taxed under “Income from Other…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.