Income Tax Act – World Online

Can you transfer rent from personal property to your HUF? Know the tax rules

September 18, 2026 admin 17 Views 0 Comments Can rent be credited to HUF, clubbing provisions, Hindu Undivided Family, HUF, HUF bank account, HUF income tax rules, HUF property rental income, HUF taxation rules 2026, Income Tax Act, Income Tax Act 2025 HUF rules, Property owned by individual HUF, rental income, Rental income clubbing rules, Rental income HUF tax rules, Rental income in HUF name, Section 96 Income-tax Act 2025, tax rules

If you own several properties in your individual name and also have a Hindu Undivided Family (HUF), you may wonder

Bitcoin sale triggered ₹1.24 crore tax addition, but ITAT quashed the reassessment. Here’s why

September 17, 2026 admin 36 Views 0 Comments bitcoin transactions, Cryptocurrency, Income Tax, Income Tax Act, income tax disputes, Mumbai taxpayer, Personal finance, reassessment proceedings, Section 148 notice, tax notice

A Mumbai taxpayer faced reassessment proceedings for assessment year 2018-19 after the tax department treated ₹1,24,55,654 from bitcoin sales as

Wrong ITR form led to ₹26.69 lakh tax demand: How ITAT Chandigarh saved a small trader

September 12, 2026 admin 38 Views 0 Comments commission receipts, Form 26AS, Form 26AS income tax mismatch, Income Tax, Income Tax Act, Income tax commission receipts, income tax returns, ITAT, ITAT Chandigarh, ITAT Chandigarh <span class='webrupee'>₹</span>26.69 lakh tax demand, ITAT ruling on double taxation, ITR form, ITR-4 instead of ITR-3, procedural mistake, Section 143(1) tax adjustment, Section 154 rectification application, tax compliance, tax demand, tax return, Wrong ITR form tax demand

A lapse of concentration by a small trader while filing his income tax returns resulted in a ₹26.69 lakh tax

Income tax reassessment notice: High court strikes down Section 147A of I-T Act – what it means for taxpayers

September 11, 2026 admin 40 Views 0 Comments Income Tax Act, ITR, Section 147A, Tax Reassessment notice, taxpayers

In a significant ruling, the Punjab & Haryana High Court has struck down the newly introduced Section 147A of the