Death does not end income tax duties: What legal heirs must do about pending returns, notices and unpaid dues
A person’s death does not automatically close their income tax matters. They may file returns, answer notices and…
Reddit user says mother received ₹50L cash from inherited property sale; experts explain ITR rules, possible penalties
A Reddit user recently claimed that their mother inherited a property from her own mother and later sold…
ITR 2026: Withdrawing EPF before completing 5 years becomes taxable — Here’s how to report it in your tax return
Employees’ Provident Fund (EPF) withdrawals are exempt from tax if you have completed at least five years of…
ITR filing 2026: Gifts, inheritance and rural agricultural land sale receipts can now be reported separately
Taxpayers filing their income tax return (ITR) for AY 2026-27 will notice a new reporting field in the…
Form 40: How Indians returning from abroad can defer tax on foreign retirement accounts
Form 40 is a newly prescribed compliance form under the updated Income Tax Act, 2025, that allows Indian…
Resettled in India? Here’s how Form 40 can help defer tax on overseas retirement savings until withdrawal
NRIs who returned to India and became tax residents but continue to hold retirement savings accounts in countries…
Death doesn’t end income tax liability: Who is responsible for paying a deceased person’s tax dues?
When a taxpayer dies, their income tax dues and financial affairs do not simply disappear. Income earned before…