February 21, 2026

taxpayer

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Rashmika Mandanna tops Kodagu’s taxpayer list, sets a new star benchmark: Report | Telugu Movie News

contact@dailyupdatesindia.com03 mins

Actress Rashmika Mandanna has emerged as Kodagu’s top taxpayer, contributing ₹4.69 crore in income tax this financial year. This significant financial contribution underscores her substantial earnings from a successful pan-India career in films and brand endorsements. Her fiscal prudence and growing income are reflected in her impressive tax filings and substantial investments. Rashmika Mandanna’s rise…

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Rs 8 lakh cash deposited in bank – man gets tax notice! Assessing officer deems it presumptive business income, but taxpayer wins case in ITAT – ruling explained

contact@dailyupdatesindia.com04 mins

During the assessment, the AO estimated Kumar’s business income under Section 44AD — something completely outside the scope of the original notice. (AI image) Making cash deposits of large amounts in your bank account? Be aware of a case where a cash deposit attracted the attention of the Income Tax Department, and the assessing officer…

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Jewellery worth over Rs 90 lakh seized by Income Tax Department vanishes from bank locker – High Court orders taxpayer to be compensated

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The theft at the bank occurred whilst the income tax proceedings concerning the jewellery seizure were still ongoing. (AI image) The Income Tax Department seizes assets and they are stolen from the bank locker they are stored in – the situation is real, and the taxpayer whose seized jewellery was stolen, won a compensation case…

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Income Tax Dept withheld Rs 1.5 crore refund citing Form 26AS TDS mismatch – how taxpayer approached High Court and won the case

contact@dailyupdatesindia.com05 mins

The court clarified that Assessing Officers must accept TDS documentation provided by taxpayers, rather than insisting on exact matches with Form 26AS figures. (AI image) Not getting an income tax refund due to TDS mismatch in Form 26AS? A new Allahabad High Court ruling may work in your favour. The Allahabad High Court has issued…

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