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Clipped from: https://www.financialexpress.com/money/why-your-company-credit-card-could-trigger-a-tax-notice-4141876/ Using a company credit card for personal expenses? New Income Tax draft rules say it may be treated as a taxable perquisite. Here’s

Clipped from: https://www.thehindubusinessline.com/news/shortened-compliance-window-for-dpdp-will-not-impact-msmes-deepak-goel-cyber-law-and-data-governance-meity/article70625027.ece While Goel said the Data Protection Board will soon be announced pending manpower, the government has still not taken any decision in terms

Clipped from: https://www.thehindubusinessline.com/opinion/editorial/creditable-move/article70623742.ece Linking deposit insurance premium to risk was long overdue The RBI has mandated that banks stop disclosing the quantum of deposit insurance premia

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/pan-compliance-overhaul-in-draft-tax-code-2026-5-key-changes-explained-for-taxpayers-515733-2026-02-11 PAN thresholds have been recalibrated across categories such as property purchases, vehicle transactions, hospitality payments and insurance relationships, even as reporting norms for

Clipped from: https://www.financialexpress.com/business/news-select-msmes-can-get-up-to-rs-25-lakh-collateral-free-loans-rbi-4136720/ Banks have also been advised to extend collateral-free advances of up to Rs 20 lakh to all units financed under the Prime Minister

lipped from: https://www.financialexpress.com/money/explainer-income-tax-rules-2026-simpler-compliance-higher-allowances-wider-relief-4140758/ The government has released the draft Income-tax Rules, 2026, to support the new Income-tax Act, 2025, effective April 1, 2026. New Draft Rules

Clipped from: https://www.businesstoday.in/india/story/borrower-first-approach-rbi-proposes-sweeping-norms-to-rein-in-loan-recovery-practices-515961-2026-02-12 The proposed framework seeks to address a broad set of conduct-related issues in the recovery process, including fair treatment of borrowers, behaviour of lenders’ staff

Clipped from: https://www.financialexpress.com/money/rbis-new-rules-to-stop-banks-from-mis-selling-full-amount-will-be-refunded-4139336/ RBI drafts strict rules to stop banks from mis-selling financial products; learn how these changes protect your money and what you should do

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/rera-should-be-abolished-if-it-helps-only-builders-says-supreme-court/articleshow/128260236.cms Listen to this article in summarized format The Supreme Court on Thursday came down heavily on RERA (Real Estate Regulatory Authority), saying the real estate body is

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/witnesses-to-a-will-turn-hostile-how-hindu-succession-is-decided-then/articleshow/128239428.cms Listen to this article in summarized format A Will needs witnesses, but it doesn’t have to be officially registered. However, if the witness turns hostile,

Clipped from: https://economictimes.indiatimes.com/wealth/tax/5-pan-card-related-changes-in-draft-income-tax-rules-2026-that-could-impact-your-cash-deposits-withdrawals-and-other-transactions/articleshow/128253097.cms Listen to this article in summarized format The government has released the Draft Income-tax Rules, 2026, suggesting significant changes in rules related to

Clipped from: https://economictimes.indiatimes.com/wealth/tax/self-reporting-of-unexplained-income-in-itr-to-save-50-a-permanent-voluntary-disclosure-of-income-scheme-vdis-in-budget-2026/articleshow/128208221.cms Listen to this article in summarized format Budget 2026 quietly reshapes the taxation of unexplained income. By reducing the tax rate from 60% to 30% under

Clipped from: https://economictimes.indiatimes.com/wealth/tax/now-request-for-nil-or-lower-tds-deduction-for-property-and-other-transactions-via-this-new-form-as-per-income-tax-act-2025-see-whats-changed/articleshow/128190228.cms Listen to this article in summarized format To get relief from TDS deduction, you need to submit an application to the Income Tax Department using

Clipped from: https://www.taxscan.in/top-stories/icai-issues-audit-guidance-on-new-labour-codes-1442883?TRN300=cVkGzlcuCaDRKvfSyvbMCBwGaSzuGDMbEFcYVBqHWjhMvDFcIMCbZIdMbMSAcx&LKD333=3412899 The note highlights wage changes, wider worker coverage, gratuity updates, and compliance checks to manage audit risks in this transition The four Labour

Clipped from: https://www.taxscan.in/top-stories/supreme-court-upholds-gujarat-hc-ruling-quashing-mechanical-income-tax-reopening-notices-based-on-national-shroff-angadiya-search-inputs-read-judgement-1442879?TRN300=cVkGzlcuCaDRKvfSyvbMCBwGaSzuGDMbEFcYVBqHWjhMvDFcIMCbZIdMbMSAcx&LKD333=3412908 The Supreme Court upheld the Gujarat High Court order quashing mechanical reopening notices issued under Section 148 based on National Shroff search inputs.

Clipped from: https://www.taxscan.in/top-stories/how-nri-income-will-be-determined-key-takeaways-from-income-tax-draft-rules-1442865?TRN300=cVkGzlcuCaDRKvfSyvbMCBwGaSzuGDMbEFcYVBqHWjhMvDFcIMCbZIdMbMSAcx&LKD333=3412911 The trigger for estimation arises where the AO forms an opinion that the actual amount of income accruing or arising to a non-resident

Clipped from: https://www.taxscan.in/top-stories/income-tax-addition-solely-based-on-pendrive-data-seized-from-third-party-not-sustainable-itat-quashes-order-read-order-1442858?TRN300=cVkGzlcuCaDRKvfSyvbMCBwGaSzuGDMbEFcYVBqHWjhMvDFcIMCbZIdMbMSAcx&LKD333=3412895 The materials that were retrieved from third parties are to be cross-examined before additions are made to income tax. ITAT deletes addition in

Clipped from: https://www.taxscan.in/top-stories/taxpayer-not-well-versed-with-income-tax-proceedings-itat-gives-final-opportunity-directs-compliance-read-order-1442855?TRN300=cVkGzlcuCaDRKvfSyvbMCBwGaSzuGDMbEFcYVBqHWjhMvDFcIMCbZIdMbMSAcx&LKD333=3412872 ITAT offers one final opportunity to assessee for the submission of details. The cash deposits amounting close to INR 1.5 crore was treated