Bombay Chartered Accountants’ Society (BCAS) Announces New Leadership
Bombay Chartered Accountants’ Society (BCAS), India’s largest and oldest voluntary professional body of Chartered Accountants, celebrated its 78th Founding Day
I-T dept flags up to 20,000 ITRs for ‘swapped provisions’: What to do
Revised returns are meant for corrections, not tax-saving experiments; experts explain why ‘swapped provisions’ can trigger action
Spent over ₹2 lakh on foreign travel? You may have to file ITR even with no taxable income
According to Mrinal Mehta, Joint Secretary at the Bombay Chartered Accountants’ Society (BCAS), the Income Tax Department tracks spending patterns and high-value transactions
ITR filing AY 2026-27: Why thousands of early ITR filers may need to revise their returns
According to Mrinal Mehta, Joint Secretary at the Bombay Chartered Accountants’ Society (BCAS), the growing number of revised returns is largely driven by the continuous updating of taxpayer information in the reporting systems.
Before you use ChatGPT or Claude to file your ITR this July, read this first
AI systems may struggle with nuanced tax situations involving multiple income streams, international taxation and complex disclosures
How growing sources of income is posing a challenge to taxpayers, an expert clarifies
Though the systems and procedures of the Income Tax compliances are being simplified, the compliance burden on taxpayers has increased in recent years, particularly for individuals earning income from multiple sources.
ITR filing AY 2026-27: Why first-time taxpayers are making more return filing mistakes than ever?
Mrinal Mehta, Joint Secretary at Bombay Chartered Accountants’ Society, says first-time taxpayers often wrongly assume no tax liability means no filing requirement.
ITR 2026: How Salaried Taxpayers Can Verify Income Tax Portal Data Before Filing Returns | Expert’s Insights
Filing without verifying details reflects on the income tax portal increases the risk of mismatches between your filed return and the department’s records. Such mistakes can lead to notices and rework, or even penalties for under-reporting.
ITR 2026: 10 tax-free income sources in India
Taxpayers should ensure that exempt incomes are reported under the appropriate heads even where no tax is payable.
Why Sebi Wants Exchanges To Follow A Common Price Band For Stocks
The proposal seeks to align price bands and pre-open reference prices across exchanges to prevent price divergence in illiquid stock
Why More Taxpayers May Receive Income Tax Scrutiny Notices This Year
ITR Filing AY 2025-26: Most scrutiny notices are not accusations of wrongdoing. Often, they simply seek clarification or supporting documents.
Income Tax: Foreign travel and luxury spending can create tax filing obligations – All you need to know
Remember that non-filing carries costs beyond penalties. You forfeit the TCS credit and leave an unexplained AIS footprint that can mature into a notice or a best-judgment assessment.
Why salaried taxpayers should not file ITR without Form 16: Key risks explained
According to Mrinal Mehta, Joint Secretary at Bombay Chartered Accountants’ Society, while filing without Form 16 is legally permissible,
From PAN, TDS to tax regime: 7 Form 16 checks you can’t miss before filing ITR
Every year, as soon as Form 16 lands in our inboxes, many of us breathe a sigh of relief. After all, it contains our salary details
From PAN, TDS to tax regime: 7 Form 16 checks you can’t miss before filing ITR
For many salaried employees, Form 16 is the starting point of ITR filing. But before you file your return, have you checked whether your PAN, TDS credits and tax regime details are actually correct?
Form 40 explained: How Indians with US, UK and Canadian retirement accounts can opt to defer tax
How Indians with US 401(k), UK pension and Canadian retirement accounts can opt to defer tax in India under the Income-tax Act, 2025.
Income tax after death: Who pays the dues of a deceased taxpayer, and what Section 302 says
After the death of the person, the responsibility shifts to their legal heir or legal representative, who takes care of filing the income tax return
The Crucial First Days Navigating the Legal and Operational Chaos When Corporate Governance Breaks Down
India’s corporate ecosystem in 2026 operates under sharper scrutiny than before. Securities and Exchange Board of India (SEBI) continues to tighten disclosure and accountability
Filing ITR: Mrinal Mehta lists common mistakes taxpayers make with capital gains
Getting the holding period wrong is one of the commonest mistakes that determines the basis of capital gains taxation, says Mrinal Mehta, joint secretary of Bombay Chartered Accountants’ Society.
Filing ITR Early? Why You Should Wait Until June 15 To Avoid a Tax Notice
ITR Filing 2026: The ITR utilities are available, but banks and other financial institutions usually file their annual specified financial statement by May 31.
Filing ITR: Mrinal Mehta lists common mistakes taxpayers make with capital gains
Mrinal Mehta lists common mistakes taxpayers make with capital gains The process of filing ITR (Income Tax Returns) has already begun.
Increase in limits for NRI and OCI investors to invest in stock market without SEBI registration, RBI Guv
The Reserve Bank of India has boosted investment limits for non-resident Indians, Overseas Citizens of India, and other individuals residing abroad.
US 401(k), UK or Canada pension plans: How Form 40 defers tax for NRIs
Returning to India with a foreign pension account? Form 40 can help defer tax and avoid timing mismatches
RBI opens equity markets wider to overseas investors with higher limits
Higher investment limits for NRIs, OCIs and other overseas individuals are expected to broaden the investor base, improve liquidity and support foreign inflows
RBI Monetary Policy Meet June 5, 2026 Highlights: Repo rate unchanged at 5.25%, policy stance neutral; 5 measures to attract dollars
The Reserve Bank of India has revised its GDP growth projection down to 6.6% and raised retail inflation forecast to 5.1% amid global uncertainties and elevated energy prices.
Why salaried taxpayers should not rush to file ITR early? Listen to this expert
The window to begin filing ITR or Income Tax Returns is open now. However, salaried taxpayers should not rush to file ITR, Mrinal Mehta, Joint Secretary of the Bombay Chartered Accountants Society tells News9.
Tax-aware retirement income strategy: How to invest smartly in FDs, SCSS and debt funds to beat inflation
Inflation-driven shifts are reshaping tax-aware retirement income strategies, as fixed deposits alone are no longer sufficient to keep pace with inflation.
Bombay Chartered Accountants Society organised an outreach programme in collaboration with Income Tax Department, Mumbai
Bombay Chartered Accountants’ Society आणि मुख्य आयकर आयुक्त-4, मुंबई यांच्या संयुक्त विद्यमाने नुकतेच एका विशेष सार्वजनिक व्याख्यानसभा व जनजागृती उपक्रमाचे आयोजन करण्यात आले होते.
BCAS in collaboration with Income Tax Department, Mumbai organized a public lecture and awareness campaign on the topic of Income Tax Act, 2025
Bombay Chartered Accountants’ Society आणि मुख्य आयकर आयुक्त-4, मुंबई यांच्या संयुक्त विद्यमाने नुकतेच एका विशेष सार्वजनिक व्याख्यानसभा व जनजागृती उपक्रमाचे आयोजन करण्यात आले होते.
Emphasis on simplifying and making the Income Tax Act 2025 transparent, outreach session proves useful for professionals and students
Emphasis on simplifying and making the Income Tax Act 2025 transparent, outreach session proves useful for professionals and students
