Has Form 168 replaced Form 26AS for FY 25-26? Here’s what taxpayers need to know for ITR filing

Read more at:https://economictimes.indiatimes.com/wealth/tax/tax-saving/how-to-use-an-income-tax-calculator-for-investments-and-financial-planning/articleshow/125865160.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Synopsis Form 168: The Income Tax Department has unveiled Form 168, a comprehensive upgrade to the Annual Information Statement, effectively superseding the

Fed policy –Observations by the editorial BusinessLine [1] Inflation in US hovering around 4% vis a vis long term target of 2% [2] Treasury yields hardening and dollar index strengthing above 100 [3] Rate cutting cycle is complete and rates could harden going forward [4] ECB increased its policy rate by 25 basis points [5] BoJ raised rates to 31 year high of 1% [6] Interest rates spread between Indian government bonds and sovereign bonds of other countries is set to narrow further.[7] If the rupee is impacted  negatively due to these narrowing spreads, the RBI may have to act —

Customer wins Rs 15,000 compensation after restaurant collects Rs 151 service charge as ‘staff contribution’; Consumer Commission order

Read more at:https://economictimes.indiatimes.com/wealth/legal/will/man-wins-rs-15000-compensation-after-restaurant-collects-rs-151-service-charge-as-staff-contribution-consumer-commission-order/articleshow/131820427.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Advocate Sanjeev Duggal from Hadiabad, Phagwara went to a well known restaurant in Civil Lines, Jalandhar on November 8, 2023 to

TDS Challan correction for Income Tax Act, 2025 needs to be done using the old TRACES portal; Here’s how to do it

Read more at:https://economictimes.indiatimes.com/wealth/tax/tds-challan-correction-for-income-tax-act-2025-needs-to-be-done-using-the-old-traces-portal-heres-how-to-do-it/articleshow/131818482.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Synopsis Taxpayers must correct TDS challans for Tax Year 2026-27 on the old TRACES portal. This is crucial if the challan was

Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the details

Read more at:https://economictimes.indiatimes.com/wealth/tax/do-you-need-to-file-itr-if-you-only-incurred-losses-from-equities-or-mutual-funds-check-the-details/articleshow/131733156.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The basic exemption limit is Rs 2.5 lakh under the old tax regime and Rs 4 lakh under the new tax regime

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