ITR filing 2026: Secondary address field is now mandatory — here's how it can help taxpayers

The income tax department has mandated a secondary address field in all ITR forms for AY 2026-27, requiring additional ...

ITR filing 2026: Think twice before claiming fake tax deductions — You could land in prison, face penalties

Taxpayers who falsely claim deductions to reduce tax liabilities could face severe penalties, prosecution, or imprisonment.

Income tax on gifts: Received cash, property or shares? You may have to pay tax and report it in your ITR in these cases

Gifts from specified relatives are fully exempt from income tax. Non-relative gifts exceeding certain values become taxable ...

ITR filing: Should you keep printouts of all your tax documents, or are digital copies enough?

Taxpayers must retain income tax documents for several years after filing returns. Digital copies are generally sufficient, ...
Tax Guru

Cash Already Taxed Cannot Be Taxed Again Under Section 69A: ITAT Chennai

ITAT Chennai restricted the Section 69A addition to Rs.2 lakh and held the enhanced Section 115BBE tax rate inapplicable for AY ...
Tax Guru

₹4.65 Cr Commission Expenditure Allowed Without Revised Return: Gujarat HC

Gujarat HC upheld deletion of commission expenditure additions, holding appellate authorities could entertain the claim and ...
Forbes

Caryn Seidman Becker Bought Clear Out Of Bankruptcy. Now She’s A Billionaire.

Clear Advantage | Caryn Seidman Becker says her line- cutting service isn’t just great for members; it’s also a boon for its partner airports. Clear paid them $128 million in 2025. “The beauty is that ...