Blog tagged as Income Tax Return

If you are a salaried employee and you claim House Rent Allowance (HRA) to save income tax, there is an important update you should know. The Income Tax Department has made new changes in the Income Tax Return (ITR) forms to stop fake rent claims.

A Delhi school teacher got into trouble with the Income Tax Department after she deposited ₹3.5 lakh in cash into her bank account.

Over the last few years, we’ve all heard terms like Bitcoin, Ethereum, NFTs, and crypto coins. These are all forms of Virtual Digital Assets (VDAs). While many people trade in them or even gift them, one big question arises: How does tax work on these assets in India?

Buying a house in Mumbai is always big news — especially if it runs into crores. Recently, a case about a Mumbai home worth ₹6.75 crore caught everyone’s attention when the Income Tax Department sent a notice not to the buyer, but to his wife