21/07/2026
๐จ New ITR Column Alert! ๐จ
Filing your taxes for AY 2026-27?
Look out for the new section under Schedule EI: "Receipts not in the nature of income."
If you received a huge bank credit this year that isn't taxable incomeโlike a bank loan, an inheritance, or a wedding giftโthis is exactly where you report it.Reporting it here keeps your AIS clean and protects you from unnecessary income tax notices.
Slide into the comments if you want to know if your specific bank entry qualifies for this column! ๐ฌ๐
SmartInvesting