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Browsing Tag

income tax return

4 posts
PPersonal finance
Reddit user says mother received ₹50L cash from inherited property sale; experts explain ITR rules, possible penalties
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Reddit user says mother received ₹50L cash from inherited property sale; experts explain ITR rules, possible penalties

  • July 30, 2026
A Reddit user recently claimed that their mother inherited a property from her own mother and later sold…
PPersonal finance
ITR 2026: Withdrawing EPF before completing 5 years becomes taxable — Here's how to report it in your tax return
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ITR 2026: Withdrawing EPF before completing 5 years becomes taxable — Here’s how to report it in your tax return

  • July 4, 2026
Employees’ Provident Fund (EPF) withdrawals are exempt from tax if you have completed at least five years of…
PPersonal finance
ITR filing 2026: Gifts, inheritance and rural agricultural land sale receipts can now be reported separately
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ITR filing 2026: Gifts, inheritance and rural agricultural land sale receipts can now be reported separately

  • July 3, 2026
Taxpayers filing their income tax return (ITR) for AY 2026-27 will notice a new reporting field in the…
PPersonal finance
Resettled in India? Here's how Form 40 can help defer tax on overseas retirement savings until withdrawal
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Resettled in India? Here’s how Form 40 can help defer tax on overseas retirement savings until withdrawal

  • June 15, 2026
NRIs who returned to India and became tax residents but continue to hold retirement savings accounts in countries…
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