The Income Tax Department has flagged 25,000 taxpayers for possible non-disclosure of foreign assets and income for AY 2025–26. Based on CRS and FATCA data, mismatches were found in Schedule FA and FSI. Taxpayers must file a revised return by 31 December 2025 to avoid heavy penalties under the Black Money Act.
Discover smart tax planning strategies for salaried employees in FY 2025–26. This guide covers old vs. new tax regime, updated Section 87A rebate of ₹60,000, deductions under 80C, 80D, HRA, NPS, and more—helping you save more and file stress-free.
When it comes to managing personal finances, understanding income tax is crucial. For the Financial Year 2024-25 (Assessment Year 2025-26), the Indian government has continued with..
Filing your Income Tax Return (ITR) is a crucial financial responsibility for every taxpayer. However, even a minor mistake can lead to penalties, delayed refunds, or unnecessary scrutiny from the Income Tax Department.
At Indian Tax Planning , we provide expert tax planning solutions for residents, NRIs, and global businesses.
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