ITR portal update: Now view if and when an I-T official saw or reviewed your tax notice submissions, know how it benefits taxpayers https://lnkd.in/gpfgFXMp Story by Shaghil Bilali #incometax #ITRportal #ITRportalnewfeature #Taxpayers #incometaxnotice #IncomeTaxReturn
ET Wealth
Online Audio and Video Media
Noida, Uttar Pradesh 27,625 followers
ET Wealth helps you keep track of the latest on personal finance | A Times Internet Product.
About us
ET Wealth is your one-stop-shop for all money-related queries. Discover ET Wealth & explore new ways to enhance your wealth | All the help you need on estate planning & succession: https://bit.ly/356am9E
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https://economictimes.indiatimes.com/personal-finance
External link for ET Wealth
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- Online Audio and Video Media
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- 11-50 employees
- Headquarters
- Noida, Uttar Pradesh
Updates
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Silver Rush: Is FOMO among investors fuelling abnormal price rise in physical silver? Here's what investors should watch out for https://lnkd.in/g_i9BMZj Story by: Shaghil Bilali #silver #silverprice #silverpricerally #FOMO #Dhanteras #Diwali #Whitemetal #silverinvestment
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#tax The Income-tax Act, 2025 (New Act) marked a historic shift from the Income-tax Act, 1961 (Old Act) by eliminating provisos and explanations, making substantive law clearer and more accessible. However, the Income-tax Rules continue to create procedural complexity and hardships for many taxpayers. Taxpayers still continue to struggle with few cumbersome Income-tax Rules. From denial of TDS credit due to deductor defaults, to NRIs facing double taxation through overlapping TDS and TCS on property sales, these rules often create unnecessary financial stress and compliance hurdles. https://lnkd.in/gqkFi6ps Story by O.P. Yadav
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A single medical emergency can wipe out years of savings and might even push you into debt if you don’t have a health insurance policy. But picking a solid, comprehensive health insurance policy these days is not a walk in the park. You need to make sure it offers extensive coverage and the company offering it is reliable. If you’re purchasing a policy for the first time, here are the 7 key factors to keep in mind when you’re comparing various health policies. Read the story to know more. Story by Anshika Jain #healthinsurance #family #insurance #insurancepolicy https://lnkd.in/gwjKwqGG
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ET Wealth reposted this
A #visa application itself can cost several thousand rupees and the financial setback becomes even bigger if tickets and hotels are booked in advance. However, one respite is that some travel insurance policies cover these losses namely visa rejection feed, trip cancellation and others. Read our story to know how you can get a visa rejection cover in your travel insurance. https://lnkd.in/g3C-8gmT
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A #visa application itself can cost several thousand rupees and the financial setback becomes even bigger if tickets and hotels are booked in advance. However, one respite is that some travel insurance policies cover these losses namely visa rejection feed, trip cancellation and others. Read our story to know how you can get a visa rejection cover in your travel insurance. https://lnkd.in/g3C-8gmT
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#inheritance Suresh’s father had four children and owned a house property in Delhi near Balmiki Gate. But, after he passed away on April 10, 1997, Suresh and his brother Ramesh got into a fight over their father’s property. Suresh claimed that he had the title to the property thanks to a General Power of Attorney, Agreement to Sell, Affidavit, and a Receipt. Suresh also claimed that their father had made a registered Will on May 16, 1996, leaving the property solely to him and exclusing other siblings. He further claimed that Ramesh was living on the property as a licensee, and after Suresh bought the property, Ramesh was just a trespasser there. Additionally, Suresh accused Ramesh of selling half of the property to someone else to gain wrongfully. Because of this, Suresh filed a suit against Ramesh and the property buyer to recover possession, seek mesne profits, declare his title and get a mandatory injunction directing Ramesh to hand over the original documents to him. In response to Suresh’s claims, Ramesh filed a written statement in court and also raised a counter claim, contending that their father had verbally transferred the property to him back in July 1973. Ramesh further contended that the Suresh had earlier filed another case where he acknowledged that their father owned the property. However, he withdrew that case on June 6, 1997. Ramesh also requested a declaration that the documents in question, that is the Will, Agreement to Sell, GPA etc. related to the propert of their late father, who expired on April 10, 1997, were null and void and not binding on him. The additional district judge ruled in Suresh’s favour, dismissing Ramesh’s claim on the ground that the father had transferred the property to Suresh, thereby validating the documents. Ramesh then appealed to the Delhi High Court, which was also dismissed. Following this, he took his appeal to the Supreme Court. On September 1, 2025, the Supreme Court ruled in Ramesh’s favour and said that Agreement to Sell, General Power Of attorney do not grant property title. Read the story to know more. Story by Neelanjit Das. https://lnkd.in/gtxR45tG
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#taxaudit The Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing various audit reports for the Previous Year 2024–25 (Assessment Year 2025–26), from September 30, 2025 to October 31, 2025, for assessees referred to in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Income Tax Act, 1961. https://lnkd.in/gcfTAzjR
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#tax When Mrs Payal filed her income tax return (ITR) declaring her total income as Rs 4 lakh, her case was picked for scrutiny and she received statutory tax notices. The reason for her ITR being picked for scrutiny is because the tax officer determined that she has to pay income tax on this sale, but she did not pay any tax and rather claimed an capital gains tax exemption under Section 54. On July 21, 2011, she sold an old house for Rs 2.85 crore which she had bought jointly with her husband. She claimed long term capital gains (LTCG) tax exemption of Rs 91 lakh under Section 54 of the Income Tax Act, 1961. The problem was the sale agreement for the new house was made on August 28, 2009 and the purchase date was beyond the prescribed period of ‘one year before the date of sale’. Based on this, the income tax officer rejected her LTCG tax exemption claim under Section 54. Her share of profit from the Rs 2.85-crore sale was Rs 91 lakh. With the proceeds from this sale, she and her husband brought another house for Rs 3.05 crore (3,05,00,000). In this context, the tax officer pointed out that almost the entire payment had been made before December 14, 2009, which was more than one year prior to the date of sale of the old property and, therefore, exemption under Section 54 of the Income Tax Act, 1961 could not be claimed. On August 18, 2025, ITAT Mumbai ruled in her favour, directing the tax officer to accept her deduction claim under Section 54 for the LTCG shown she reported. #54 #itatmumbai #mumbai #itat #house #saleofhouse Story by Neelanjit Das https://lnkd.in/gbd86UXz
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#taxaudit Who needs to file an income tax audit report for AY 2025-26. Story by Neelanjit Das https://lnkd.in/gx8t--P6