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Reading Time: 2 minutesReceived an income tax notice despite being salaried? Understand why, what it means, how to respond, and how to avoid them in the future. Updated 2025 guide by CA Bhavesh Panpaliya. 🧐 Why Did You Receive an Income Tax Notice? Even salaried employees who receive Form 16 and pay taxes regularly can get an income […]

Reading Time: 2 minutesMumbai ITAT confirms that flat owners receiving new flats during redevelopment are not taxed under Section 56(2)(x). Learn what this means for you, how it works, and tax planning strategies. 🧾 Redeveloped Flat = Not Income, Says Mumbai ITAT If you’re a flat owner in a building going for redevelopment, here’s good news:You will not

Reading Time: 2 minutesDiscover how commuting expenses like cab rides and metro fares are now tax-free under the Income Tax Bill, 2025. Learn eligibility, rules, employer duties, and tax benefits for employees. 🚖 Is Commuting to Work Now Tax-Free in India (2025)? Yes! Thanks to the Income Tax Bill, 2025, employer-paid commute expenses are now completely tax-exempt —

Reading Time: 2 minutesLearn how to claim foreign equity losses in Indian ITR, set-off rules, capital gains tax on U.S. stocks, ITR forms to use, and carry forward provisions. Updated for AY 2025–26. 💼 How to Claim Foreign Equity Losses in Indian ITR (AY 2025–26) If you’re an Indian resident investing in U.S. stocks or other foreign equities,