Six Triggers Behind an Income Tax Return Scrutiny Notice
The CBDT circular of June 2026 lists six situations for compulsory scrutiny of FY 2025-26 returns. Many taxpayers assume a small data mismatch is the cause of a notice.
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The CBDT circular of June 2026 lists six situations for compulsory scrutiny of FY 2025-26 returns. Many taxpayers assume a small data mismatch is the cause of a notice.
With the slabs unchanged in Budget 2026, many individuals are reusing their income tax calculator excel sheets for FY 2026-27, and testing the rebate edge near Rs 12 lakh.
The Finance Minister has said the government will hear views on LTCG and STT, but no change has been proposed. Investors are discussing four points ahead of the Budget.
Returns for FY 2025-26 are still filed under the 1961 Act, although the new Act is in force. The article explains what has changed in law and what will change on the form.
Many investors are reviewing LTCG tax harvesting before March 2027 as the Nifty stays below its high. The Rs 1.25 lakh limit, the loss rules and the real saving are explained.