An NRI faced a proposed 78% tax after ₹14.70 lakh of his property payment was made through his mother’s account and treated as unexplained investment. The ITAT Mumbai deleted the addition after he ...

Indians working abroad can claim Foreign Tax Credit (FTC) by filing Form 67. Draft rules propose renumbering it to Form 44, requiring CA certificates for companies and individuals with foreign tax ...

You need your adjusted gross income from last year's taxes to file your federal income tax return online in 2026.

A Pune taxpayer faces a hefty Rs 9.44 lakh penalty for misreporting Rs 10.65 lakh in deductions, including fake claims for ...

A Dubai-based NRI who bought a ₹2 crore flat in Mumbai without filing an ITR in India received a tax notice treating the ...

The High Court held that once income is duly recorded in an Income Tax Return, the Tribunal need not examine the source of income in accident claims. Compensation was enhanced by applying correct ...

Tax authorities initiated scrutiny and proposed addition solely because share acquisition details were not properly disclosed in the ITR. The case reinforces that for directors, the ITR functions as a ...

The Draft Income Tax Rules, 2026, propose to remove the requirement of filing a separate form to claim concessional tax rates ...

Szűcsi, located in Heves County, Hungary, reveals a striking natural abstraction when viewed from above. Along its wetlands ...

Missed filing an ITR for HUF income? Today’s Ask Wallet Wise explains why a member has no recourse once the deadline to file a revised ITR has expired. The Ask Wallet-Wise initiative offers expert ...

The National Board of Revenue (NBR) has extended the income tax return submission deadline for individual taxpayers by another month.

NBR has once again extended the deadline for filing income tax returns for individual taxpayers for 2025–2026 tax year until 31 March, 2026.