Articles by Mitali

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.

Senior Citizens Above 75 years Beware: Bank Mistake = No Refund!

Mitali 08 August 2025 at 14:04

Learn how senior citizens aged above 75 can get exemption from filing ITR under Section 194P for FY 2025-26. Conditions, forms, and bank process explained.

Do Manual Adjustments in ITR if Income not Showing in 26AS or TIS?

Mitali 06 August 2025 at 13:26

ITR not matching 26AS or TIS? Know how to manually adjust income and TDS to avoid tax demands and penalties.

Man Discovers 37-Digit Amount in Deceased Mother's Bank Account

Mitali 05 August 2025 at 17:48

A Noida man found a bizarre 37-digit amount in his late mother's Kotak account, triggering a bank freeze and IT probe.

Foreign Travel or High Electricity Bills: You Might Be Legally Needed to File ITR

Mitali 02 August 2025 at 17:18

Discover when filing ITR is mandatory, even with low income based on key rules for proprietors on sales, deposits and TDS/TCS limits.

New Tax Regime FY 2024-25 Benefits for Senior Citizens

Mitali 31 July 2025 at 17:42

Know the ITR filing benefits for senior citizens under the new tax regime for FY 2024–25, including tax-free incomes, deductions and filing tips.

Is It Necessary to Show Sale Of Agricultural Land in ITR? Full Clarification

Mitali 31 July 2025 at 12:55

Learn about the tax implications of selling agricultural land in India, including rural vs. urban classification, reporting requirements and TDS rules.

How To Pay Zero Tax in Stock Market Income: Is 87A Rebate Available?

Mitali 29 July 2025 at 12:32

Know Section 87A tax rebate for FY 2024-25, including eligibility, income limits, tax-saving strategies and its impact on share market income for resident individuals.