The Financial Express

Why do taxpayers still get income tax notices even after reconciling AIS and Form 26AS?

Large or unusual transactions may be reviewed more closely when they do not fit the taxpayer’s declared income pattern. So a ...
The Financial Express

Below Rs 10 lakh in cash deposits? You may still have to explain them to Income Tax Dept

The Rs 10 lakh figure under Rule 114E is only the threshold at which a bank must formally report the deposit; it is not the ...

Received an income tax notice? Verify authenticity before responding to protect against scams

Taxpayers should always verify an Income Tax notice before responding. Using the PAN or Document Identification Number (DIN) ...

Attention taxpayers! Here's what you should do after receiving a notice from the I-T department — Stepwise guide

Income-tax returns: Today, we take a look at what taxpayers should do if they receive a notice from the I-T department.

Income tax notices decoded: What every taxpayer should know about ITR filing to avoid scrutiny

One important thing to understand is this: In the current compliance environment, tax notices are increasingly driven by data ...
Tax Guru

Beware of Fake Income Tax Penalty Notice on Email

Beware of fake Income Tax emails sent from QQ Mail or Gmail IDs. Learn how to identify phishing scams, verify genuine notices ...
Tax Guru

Advisory: Beware of Fake Income Tax Notices on WhatsApp

A fake WhatsApp message impersonating the Income Tax Department is being circulated to taxpayers across India. The message ...

Name appearing in builder's records showing cash payment: Will you need to pay income tax for such property purchase? Here’s what ITAT said

Can the Income Tax Department tax you based only on papers found during a builder's search? A recent ITAT ruling explains ...

ITR Filing 2026: AIS & Form 26AS Match, Yet These 5 Errors May Still Trigger A Tax Notice

Matching AIS and Form 26AS may not prevent a tax notice. Wrong income details, excess deductions, large transactions or TDS ...

Filing ITR? Here's what AIS and Form 26AS tell the income tax department about you

As taxpayers gear up for ITR filing in AY 2026-27, understanding the consolidated Form 168 (formerly AIS and Form 26AS) is crucial. This unified document offers a comprehensive view of your financial ...