Sanjeev Sinha

Legal heirs must bear in mind that the income tax return for the year of death must be filed and tax, if due, must be paid

Verify it, respond within deadline; file revised or updated return if needed

From credit scores and co-borrowers to collateral, margin money and tax benefits, understanding these education loan misconceptions can help borrowers avoid costly mistakes

Complete this task with care, as failure to disclose foreign assets with an aggregate value exceeding ₹20 lakh can attract a penalty of ₹10 lakh under the Black Money Act

Use registered platforms, report every trade and maintain a complete audit trail

The RBI Integrated Ombudsman Scheme, 2026, introduces higher compensation, shorter complaint timelines and a streamlined grievance process for customers of regulated entities

If you must sign to get possession from the developer, record in writing that you are accepting possession without prejudice to your right to seek compensation

Choose the correct income-tax return (ITR) form, reconcile tax deducted at source (TDS) with Form 26AS and the Annual Information Statement (AIS), and keep records ready before claiming deductions

Demand proper notices, written authorisation, and a possession inventory before surrendering your vehicle

Make sure to match Form 16 with AIS and Form 26AS, choose the correct ITR form, and compare tax regimes before filing

The CBDT has identified six categories of taxpayers for mandatory complete scrutiny in FY27. Understanding the triggers can help taxpayers stay prepared

Sale deed should clearly specify ownership share; maintain proof of contribution in purchase

Information contained in AIS should be cross-checked against data in various statements of financial transactions

Avoid vague drafting, interested witnesses, unsigned corrections, and multiple, contradictory documents

Taxpayers should carefully match their income profile with the applicable ITR form, as filing returns in the wrong form could lead to defective returns or tax notices

Use joint accounts only where shared access is genuinely needed; do your due diligence before joining

Check who actually paid for the property and whether the payment trail matches the registered owner

Rising medical costs and insurance gaps make building a dedicated health corpus essential for long-term financial security

Preserve evidence of damage by taking photographs or videos

With equity returns uneven, non-convertible debentures are gaining traction as a middle path between FDs and stocks-but investors must weigh credit risk, liquidity, and issuer quality before investing