REVEALED: 12 - The Real Truth

Delhi government plans global tender for 'Twin Towers' Secretariat building project

Delhi government plans a global tender for constructing new twin-towers Secretariat. This ambitious project aims to consolidate scattered departments into one location. The Income Tax department will share its land for the proposed twin-tower development. Major construction firms worldwide can participate in this significant undertaking. The new high-rise building will…

The Economic Times · Jul 17

What Shabana Mahmood as chancellor could mean for your money and taxes

From income tax to capital gains levies – we examine how Andy Burnham’s likely new chancellor could impact your wallet

The Independent UK · Jul 17

How a 50p income tax rate would work – and does Shabana Mahmood support it?

IN FULL

The Independent UK · Jul 17

Cost Inflation Index: How it can help you file your income tax return

The Income Tax Department has announced the Cost Inflation Index for the upcoming tax year. This index, set at 384, will adjust asset acquisition costs for capital gains. It becomes effective from April 1, 2026, impacting future tax calculations.

The Economic Times · Jul 16

Record 10 million over-65s to pay income tax amid threshold freeze

The number of pensioners paying tax continues to rise every year

The Independent UK · Jul 16

NRI woman sold her property in Gujarat for Rs 21 lakh, tax dept sent notices, she missed them as she lived abroad; later she files case and wins in ITAT Ahmedabad

ITAT overturns STCG tax on Gujarat house sale: When Kaminiben, an NRI from Anand, Gujarat, sold her house for Rs 21.4 lakh in AY 2018-19, which she had originally bought in 2005 for Rs 1.94 lakh, the tax dept issued her tax notices. However, as she was living abroad as…

The Economic Times · Jul 16

ITR 2026: Common income tax return filing mistakes that cost employees lakhs

A careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensuring that all eligible deductions and benefits are correctly claimed. The Income Tax Return (ITR) filing due date for salaried individuals is July 31, 2026 if they are not liable for tax…

The Economic Times · Jul 16

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, but original physical records are vital for ownership. Documents depend on income sources, including salary, capital gains, and business income. Keeping records helps respond to tax notices and supports future tax calculations.

The Economic Times · Jul 16

10m people aged 65 and over expected to be income tax payers in 2026-27

In 2026-27, the number of people aged 65 and over expected to be paying income tax was put at 10,200,000 in HMRC figures.

Evening Standard · Jul 15

Did you claim a minimum Rs 10,000 income tax refund for your car bought in FY26? Here's how to claim your 1% TCS now

According to the income tax rules, car dealers are required to deduct 1% TCS if the ex-showroom value of the car exceeds Rs 10 lakh. However, do not confuse your total car cost with the ex-showroom price, which is the base retail cost excluding any kind of taxes, accessory charges…

The Economic Times · Jul 15