Articles by Mitali

Rs 17 Crore Gifted Land Sold Which Turns Tax-Free for Wife

Mitali 02 September 2025 at 14:07

ITAT Bangalore exempts wife from capital gains tax on sale of gifted land worth Rs 17 crore, clarifying spousal gift taxation.

Are You Ready for September 2025 Shake-up? The Silent Revolution in Daily Finances

Mitali 01 September 2025 at 12:49

SBI credit card, LPG prices, FD rates, NPS, UPS, Aadhaar update & more - check the major rule changes from 1 September 2025.

More Than 40 deductions or exemptions available under New Tax Regime For FY 24-25: Check Before Filing

Mitali 28 August 2025 at 17:32

List of more than 40 deductions and exemptions under New Tax Regime FY 2024-25. Maximize tax savings with this complete guide.

Is It Mandatory To Disclose All Bank Accounts in ITR: What If Not Shown?

Mitali 27 August 2025 at 16:39

Learn why reporting every bank account in your ITR is mandatory and know how missing bank accounts in your ITR can trigger IT notices and heavy fines.

Fake Allowances = Real Tax: Salaried Employees May Penalize 200%

Mitali 26 August 2025 at 12:50

Learn about the income tax rules for salaried taxpayers in India, common mistakes, penalties up to 200% and how to file returns correctly in 2025.

Perquisite & Overseas Medical Exemption Become Tax-Free under Rule 3C and 3D for Salaried Employees

Mitali 23 August 2025 at 15:21

Learn about Rule 3C & Rule 3D under the 2025 Income Tax 2nd Amendment - Govt raises tax-free limits for perks and overseas treatment. Rule 3C and 3D bring major relief to salaried employees.

Pensioners Above 60, 75 and 80: Hidden Tax Benefits To Save Thousands And Skip Filing

Mitali 23 August 2025 at 12:32

Know which pensioners can skip ITR filing or who gets exemption and key tax benefits under Income Tax Act. Rules by age, income type are also explained.

87A Rebate Restored on Share Market Capital Gains: ITAT Ahmedabad's Historic Ruling

Mitali 19 August 2025 at 17:45

Learn about the recent ITAT Ahmedabad judgment allowing Section 87A rebate on STCG/LTCG up to AY 2025-26, the legal implications, refund eligibility and tax tips for share market investors.

Filed Under 44AD Instead of 44ADA and Claimed Full Refund: Now Facing Audit and Penalties

Mitali 18 August 2025 at 13:26

ITR filing under Section 44AD for professional income deducted under Section 194J may lead to audits, heavy penalties, and refund reversal.

ICICI Bank's Minimum Balance Increased to Rs 50,000: Impact on Customers

Mitali 11 August 2025 at 16:01

ICICI Bank increased the minimum balance for new savings accounts w.e.f. 1st Aug 2025. Learn new limits, penalties, and impact on its customer.