Money

ESOPs as part of salary: When should Indian employees of foreign companies declare these shares in ITR?

• ESOPs are not taxed immediately when granted as part of an employee’s compensation package

Delhi ITAT ruling: How relative’s airline job cleared businessman of tax penalty on foreign currency found in raid

• A relative’s airline job helped establish the businessman’s ownership of foreign currency found in a raid
• The case highlights the need for credible evidence of cash ownership and source to contest tax penalties
• Indian taxpayers facing search-related foreign-currency seizures may need evidence of ownership and source to contest penalties

Your queries on Income Tax: No tax-free threshold for senior citizens on dividend income

Relief for taxpayers: Made a mistake in your income tax return? You still get your refund interest, rules ITAT

• The Income-tax Appellate Tribunal rejected the tax department’s attempt to withhold statutory interest

Woman ignores 4 tax notices, faces Rs 1.55 Cr tax additions: What ITAT says next

Tax refund interest can't be denied merely because of incorrect ITR

NRI child sends money to parents in India? Why a tax-free gift can still trigger an income-tax notice

Dubai NRI bought Rs 2.31 crore property, didn’t file ITR, got income tax notice; she fights back and wins in ITAT on these grounds