NRIs in UAE are getting Foreign Asset Disclosure notices: Why? What to do?

Many UAE-based NRIs accidentally file returns as Residents because: When this happens, the tax system assumes you are a ...
The Financial Express

25k Indian taxpayers under scrutiny, overseas property owners to attract penalties

Income Tax Dept's radar due to non-disclosure of foreign assets in ITRs. Here's how officials are moving forward to ascertain ...

ITR refund delay: CBDT Chairman shares when taxpayers can expect refunds

While some refunds may get issued earlier, large refunds may get delayed due to various discrepancies in the ITR filing ...
Tax Guru

Addition Set Aside Because Crypto Trades Cannot Be Assumed Without Bank Evidence

The Tribunal ruled that unexplained investment cannot be added without confronting the assessee with the Koinex transaction data relied upon by the AO. Matter remanded for fresh ...
Tax Guru

Objections Not Disposed = Reopening Void: ITAT Delhi Affirms CIT(A), Quashes 147 Assessment

ITAT Delhi upheld that failure to pass a speaking order on objections under GKN Driveshafts makes reassessment void, dismissing Revenue’s appeal for AY ...
The Financial Express

Real-time income tax refund tracker proposed for taxpayers: Deloitte Budget 2026 wish list

Taxpayers struggling with long income tax refund delays may finally get some relief if the income tax department accepts this ...