Taxpayers can pay certain income tax dues, including advance tax, self-assessment tax and outstanding demand, through credit cards on the income tax department’s e-filing portal. Payments can be made through the e-pay…
The Delhi High Court has sought the Centre’s response to a PIL seeking automatic refunds of tax deducted at source from people who have no tax liability and are not otherwise required…
The Finance Ministry has clarified that a Central government employee cannot claim House Rent Allowance if their spouse has been allotted government accommodation at the same station. The rule applies even when…
Digital payments through UPI, NEFT, RTGS or IMPS do not automatically lead to an income tax notice. The Economic Times reports that scrutiny usually begins when transaction records do not match income…
Interest on EPF contributions is not always tax-free for high contributors, Mint reports. If an employee’s combined annual contributions, including the employer’s 12% share and any VPF contribution, exceed Rs 2.5 lakh,…
Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) are eligible to open a National Pension System (NPS) Tier I account, says the Economic Times. Contributions must come from an NRE or…
Over 5.5 crore income tax returns (ITRs) were filed for assessment year 2026-27 by the July 31 deadline, with more than 42 lakh filed on July 30 alone, said the Income Tax…
Freelancers and other taxpayers with business or professional income must file their income tax returns by 31 August for assessment year 2026-27 if their accounts do not require audit, Livemint reports. The…
The 2026 income tax filing season has exposed confusion among Indian crypto investors, Livemint reports. Data shared by KoinX founder Punit Agarwal shows that just 21.83% of platform users with crypto TDS…
The Bengaluru Income Tax Appellate Tribunal has ruled that gains from the repurchase of vested, unexercised employee stock options are taxable as long-term capital gains, not salary perquisites. The case involved Flipkart…
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.